Neuberger Berman Group LLC Sells 24,072 Shares of UBS Group AG (NYSE:UBS)

Key Points

• Neuberger Berman Group LLC has reduced its stake in UBS Group AG by 13.2%, selling 24,072 shares and holding 158,283 shares valued at approximately $4.83 million at the end of the last reporting period.
• In the first quarter, several hedge funds increased their stakes in UBS, including Berbice Capital Management LLC and Rakuten Securities Inc., growing their positions by 44.4% and 45.9%, respectively.
• UBS Group reported robust financial results with earnings per share of $0.72, exceeding expectations, and a revenue of $11.55 billion, substantially above the anticipated $9.77 billion.

Neuberger Berman Group LLC lowered its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,283 shares of the bank's stock after selling 24,072 shares during the quarter. Neuberger Berman Group LLC's holdings in UBS Group were worth $4,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of UBS. City Holding Co. purchased a new position in shares of UBS Group during the first quarter valued at about $25,000. Grove Bank & Trust purchased a new stake in UBS Group in the first quarter worth about $28,000. Berbice Capital Management LLC grew its holdings in UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares during the period. Rakuten Securities Inc. grew its holdings in UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after purchasing an additional 461 shares during the period. Finally, Continuum Advisory LLC grew its holdings in UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares during the period.

UBS Group Stock Performance

UBS Group stock traded up $0.04 during midday trading on Friday, reaching $39.90. 1,957,831 shares of the company traded hands, compared to its average volume of 2,075,720. The firm has a market capitalization of $127.94 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The business has a 50 day moving average of $35.46 and a two-hundred day moving average of $33.00. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $40.21. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the prior year, the firm earned $0.34 earnings per share. As a group, research analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UBS shares. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Thursday. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, 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.