Ingalls & Snyder LLC Invests $5.08 Million in UBS Group AG $UBS

Ingalls & Snyder LLC purchased a new position in UBS Group AG (NYSE:UBS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 150,061 shares of the bank’s stock, valued at approximately $5,075,000.

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

Wall Street Analysts Forecast Growth

UBS has been the subject of several recent analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Finally, Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS opened at $38.07 on Friday. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. The firm has a market cap of $122.05 billion, a PE ratio of 20.14, a PEG ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $40.26 and its 200 day moving average price is $35.70.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

About UBS Group

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.