Haven Global Partners LLC Purchases Shares of 614,963 UBS Group AG (NYSE:UBS)

Haven Global Partners LLC acquired a new position in shares of UBS Group AG (NYSE:UBS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 614,963 shares of the bank’s stock, valued at approximately $18,817,000. UBS Group accounts for approximately 17.7% of Haven Global Partners LLC’s portfolio, making the stock its 2nd biggest position.

Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in UBS Group during the fourth quarter worth approximately $27,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group in the 4th quarter valued at about $40,000. Continuum Advisory LLC boosted its position in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares during the period. FSC Wealth Advisors LLC purchased a new position in UBS Group during the 3rd quarter worth approximately $71,000. Finally, Rosenberg Matthew Hamilton increased its position in UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after buying an additional 355 shares during the period.

UBS Group Trading Down 0.5 %

Shares of UBS Group stock opened at $35.42 on Friday. The firm has a market cap of $113.56 billion, a price-to-earnings ratio of 29.51 and a beta of 1.15. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $35.84. The company’s 50-day simple moving average is $32.37 and its 200-day simple moving average is $31.32. 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. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the business posted ($0.24) EPS. As a group, equities research analysts anticipate that UBS Group AG will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBS has been the topic of a number of recent research reports. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.