Envestnet Portfolio Solutions Inc. Lowers Position in UBS Group AG (NYSE:UBS)

Envestnet Portfolio Solutions Inc. reduced its stake in UBS Group AG (NYSE:UBS - Free Report) by 58.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,384 shares of the bank's stock after selling 31,026 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in UBS Group were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. City Holding Co. purchased a new stake in UBS Group in the 1st quarter valued at $25,000. Grove Bank & Trust purchased a new stake in UBS Group in the 1st quarter valued at $28,000. Rakuten Securities Inc. purchased a new stake in UBS Group in the 4th quarter valued at $30,000. Headlands Technologies LLC purchased a new stake in UBS Group in the 4th quarter valued at $33,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in UBS Group in the 4th quarter valued at $41,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBS shares. Bank of America downgraded UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Wedbush restated a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, UBS Group has a consensus rating of "Hold".

UBS Group Trading Up 0.6%

Shares of UBS opened at $32.24 on Thursday. The business has a 50-day moving average of $31.41 and a 200 day moving average of $31.87. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The firm has a market cap of $103.38 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04.

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

About UBS Group

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.

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