TrueMark Investments LLC Has $2.56 Million Stake in UBS Group AG $UBS

TrueMark Investments LLC boosted its position in shares of UBS Group AG (NYSE:UBS) by 18.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,686 shares of the bank’s stock after buying an additional 11,730 shares during the period. TrueMark Investments LLC’s holdings in UBS Group were worth $2,560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UBS. Goldman Sachs Group Inc. grew its stake in UBS Group by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after buying an additional 17,676,829 shares in the last quarter. Nuveen LLC acquired a new stake in shares of UBS Group in the 1st quarter valued at approximately $348,161,000. Banque Cantonale Vaudoise acquired a new stake in shares of UBS Group in the 1st quarter valued at approximately $206,885,000. Deutsche Bank AG boosted its stake in shares of UBS Group by 16.1% in the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank’s stock valued at $960,278,000 after purchasing an additional 4,337,005 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares in the last quarter.

UBS Group Stock Down 0.9%

NYSE:UBS opened at $38.53 on Friday. The firm’s 50 day simple moving average is $40.41 and its 200 day simple moving average is $35.31. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a one year low of $25.75 and a one year high of $42.56. The company has a market cap of $123.53 billion, a PE ratio of 20.38, a P/E/G ratio of 0.62 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The business had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the company earned $0.34 EPS. On average, research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.