UBS Group AG $UBS Shares Sold by swisspartners Advisors Ltd

swisspartners Advisors Ltd decreased its position in shares of UBS Group AG (NYSE:UBS) by 78.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the bank’s stock after selling 52,277 shares during the quarter. UBS Group accounts for approximately 0.4% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 19th largest holding. swisspartners Advisors Ltd’s holdings in UBS Group were worth $473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crocodile Capital Partners GmbH lifted its holdings in UBS Group by 74.6% in the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock valued at $33,651,000 after acquiring an additional 425,000 shares during the period. TrueMark Investments LLC lifted its holdings in UBS Group by 18.3% in the second quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock valued at $2,560,000 after acquiring an additional 11,730 shares during the period. Belpointe Asset Management LLC acquired a new position in UBS Group in the first quarter valued at approximately $639,000. Assenagon Asset Management S.A. lifted its holdings in UBS Group by 7.4% in the second quarter. Assenagon Asset Management S.A. now owns 217,715 shares of the bank’s stock valued at $7,344,000 after acquiring an additional 15,042 shares during the period. Finally, Callan Family Office LLC lifted its holdings in UBS Group by 150.7% in the second quarter. Callan Family Office LLC now owns 57,031 shares of the bank’s stock valued at $1,929,000 after acquiring an additional 34,278 shares during the period.

UBS Group Trading Up 0.9%

Shares of UBS Group stock opened at $38.36 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. The firm has a market capitalization of $123.00 billion, a PE ratio of 17.28, a P/E/G ratio of 0.66 and a beta of 1.18. The firm’s 50-day moving average price is $40.13 and its 200 day moving average price is $36.11.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBS. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.