Park Avenue Securities LLC Has $1.13 Million Stake in UBS Group AG (NYSE:UBS)

Park Avenue Securities LLC increased its holdings in shares of UBS Group AG (NYSE:UBS) by 21.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,205 shares of the bank’s stock after acquiring an additional 6,638 shares during the period. Park Avenue Securities LLC’s holdings in UBS Group were worth $1,128,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after purchasing an additional 33,089 shares during the last quarter. Toronto Dominion Bank raised its position in UBS Group by 286.3% during the second quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after acquiring an additional 201,809 shares in the last quarter. Fisher Asset Management LLC bought a new stake in UBS Group during the third quarter worth $23,884,000. Quantbot Technologies LP raised its position in UBS Group by 117.1% during the third quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock worth $4,703,000 after acquiring an additional 82,062 shares in the last quarter. Finally, Legal & General Group Plc raised its position in UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS opened at $34.05 on Tuesday. The firm has a market capitalization of $109.17 billion, a PE ratio of 28.37 and a beta of 1.15. The company’s 50-day moving average is $31.69 and its 200-day moving average is $31.01. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $34.11. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the firm earned ($0.24) earnings per share. Equities analysts forecast that UBS Group AG will post 1.53 EPS for the current year.

UBS Group 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.