Ritholtz Wealth Management Reduces Position in UBS Group AG (NYSE:UBS)

Ritholtz Wealth Management cut its position in UBS Group AG (NYSE:UBS) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,290 shares of the bank’s stock after selling 25,513 shares during the period. Ritholtz Wealth Management’s holdings in UBS Group were worth $5,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of UBS Group in the 4th quarter valued at $5,594,066,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of UBS Group by 162.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock valued at $858,359,000 after buying an additional 17,525,749 shares in the last quarter. FMR LLC boosted its holdings in shares of UBS Group by 29.4% in the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock valued at $1,695,087,000 after buying an additional 12,609,616 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of UBS Group in the 4th quarter valued at $233,591,000. Finally, SIH Partners LLLP acquired a new position in shares of UBS Group in the 4th quarter valued at $214,546,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America cut shares of UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Jefferies Financial Group upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Monday, May 12th. DZ Bank upgraded shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods upgraded shares of UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Down 2.2%

Shares of NYSE:UBS opened at $31.95 on Friday. The stock has a market cap of $102.43 billion, a P/E ratio of 21.02 and a beta of 1.16. The firm has a fifty day moving average price of $30.88 and a 200 day moving average price of $31.93. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $10.19 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. Sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Company 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.