Zhang Financial LLC Sells 2,337 Shares of UBS Group AG (NYSE:UBS)

Zhang Financial LLC lessened its position in shares of UBS Group AG (NYSE:UBS) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,000 shares of the bank’s stock after selling 2,337 shares during the period. Zhang Financial LLC’s holdings in UBS Group were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in UBS Group by 11.4% during the second quarter. Raymond James & Associates now owns 1,002,585 shares of the bank’s stock worth $29,616,000 after acquiring an additional 102,845 shares in the last quarter. Timber Creek Capital Management LLC lifted its position in UBS Group by 2.5% during the second quarter. Timber Creek Capital Management LLC now owns 85,659 shares of the bank’s stock valued at $2,530,000 after purchasing an additional 2,068 shares during the last quarter. Blue Trust Inc. lifted its position in UBS Group by 121.7% during the second quarter. Blue Trust Inc. now owns 26,344 shares of the bank’s stock valued at $809,000 after purchasing an additional 14,461 shares during the last quarter. Trivant Custom Portfolio Group LLC bought a new stake in shares of UBS Group in the 2nd quarter worth approximately $979,000. Finally, Seed Wealth Management Inc. increased its stake in shares of UBS Group by 7.3% in the second quarter. Seed Wealth Management Inc. now owns 13,135 shares of the bank’s stock worth $388,000 after buying an additional 890 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.4 %

Shares of UBS traded up $0.11 during midday trading on Monday, reaching $30.49. The company had a trading volume of 681,048 shares, compared to its average volume of 2,424,000. The stock has a market cap of $97.76 billion, a PE ratio of 3.31 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.13. The firm has a 50 day simple moving average of $30.14 and a 200-day simple moving average of $29.73.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.13% and a net margin of 2.31%. During the same quarter last year, the company earned $1.88 EPS. Research analysts forecast that UBS Group AG will post 1.02 EPS for the current fiscal 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.