OLD Mission Capital LLC bought a new position in UBS (NYSE:UBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 92,688 shares of the bank’s stock, valued at approximately $1,705,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Icon Wealth Partners LLC bought a new position in UBS in the fourth quarter valued at approximately $177,000. Harbor Advisors LLC bought a new stake in UBS during the fourth quarter worth $183,000. BTC Capital Management Inc. bought a new stake in UBS during the fourth quarter worth $193,000. Claraphi Advisory Network LLC bought a new stake in UBS during the fourth quarter worth $200,000. Finally, Lourd Capital LLC acquired a new position in shares of UBS in the fourth quarter valued at $230,000. 36.72% of the stock is owned by institutional investors.
NYSE UBS opened at $17.09 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21. UBS has a 12-month low of $15.10 and a 12-month high of $20.89. The firm has a market capitalization of $65,831.39, a P/E ratio of 15.97 and a beta of 1.33.
UBS (NYSE:UBS) last issued its quarterly earnings data on Sunday, January 21st. The bank reported $0.17 earnings per share for the quarter. The business had revenue of $7.31 billion for the quarter. UBS had a return on equity of 7.96% and a net margin of 3.16%. sell-side analysts expect that UBS will post 1.7 earnings per share for the current year.
UBS announced that its Board of Directors has initiated a share buyback plan on Monday, January 22nd that permits the company to repurchase outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Several research firms have commented on UBS. Zacks Investment Research downgraded shares of UBS from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. Barclays assumed coverage on shares of UBS in a research note on Tuesday, January 16th. They set an “underweight” rating on the stock. Credit Suisse Group upgraded shares of UBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. JPMorgan Chase reissued a “buy” rating on shares of UBS in a report on Wednesday, March 7th. Finally, Morgan Stanley reissued a “buy” rating on shares of UBS in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.00.
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UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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