M.E. Allison & CO. Inc. Takes Position in UBS Group AG (NYSE:UBS)

M.E. Allison & CO. Inc. acquired a new stake in shares of UBS Group AG (NYSE:UBS) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,660 shares of the bank’s stock, valued at approximately $354,000.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 33,089 shares in the last quarter. Toronto Dominion Bank increased its holdings in UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after buying an additional 201,809 shares during the period. Fisher Asset Management LLC acquired a new position in UBS Group in the 3rd quarter worth approximately $23,884,000. Quantbot Technologies LP increased its holdings in UBS Group by 117.1% in the 3rd quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock worth $4,703,000 after buying an additional 82,062 shares during the period. Finally, Legal & General Group Plc increased its holdings in UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after buying an additional 41,027,134 shares during the period.

UBS Group Stock Up 2.7 %

Shares of UBS opened at $34.05 on Monday. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $34.11. The company has a market capitalization of $109.17 billion, a PE ratio of 28.37 and a beta of 1.15. The stock has a fifty day simple moving average of $31.69 and a two-hundred day simple moving average of $31.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87.

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

Analysts Set New Price Targets

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

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.