ARGA Investment Management LP Sells 117,375 Shares of UBS Group AG (NYSE:UBS)

ARGA Investment Management LP lessened its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,220,663 shares of the bank's stock after selling 117,375 shares during the period. UBS Group accounts for approximately 7.3% of ARGA Investment Management LP's holdings, making the stock its 5th biggest position. ARGA Investment Management LP owned 0.23% of UBS Group worth $219,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBS. City Holding Co. acquired a new stake in shares of UBS Group during the first quarter worth $25,000. Grove Bank & Trust acquired a new position in UBS Group during the first quarter worth about $28,000. Rakuten Securities Inc. acquired a new position in UBS Group in the 4th quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in UBS Group in the 4th quarter valued at about $33,000. Finally, Continuum Advisory LLC raised its stake in shares of UBS Group by 31.1% in the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after acquiring an additional 477 shares during the period.

UBS Group Stock Performance

Shares of UBS stock traded up $0.49 during trading on Wednesday, reaching $35.66. The company had a trading volume of 1,144,834 shares, compared to its average volume of 2,451,399. The firm's 50 day simple moving average is $32.33 and its two-hundred day simple moving average is $32.06. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. UBS Group AG has a one year low of $25.75 and a one year high of $36.00. The company has a market capitalization of $114.33 billion, a PE ratio of 23.63, a PEG ratio of 0.89 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Sell-side analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Citigroup restated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Two research analysts have 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's stock. According to data from MarketBeat.com, UBS Group presently has a consensus rating of "Hold".

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.