Parkwood LLC Reduces Stock Position in UBS Group AG $UBS

Key Points

• Parkwood LLC has reduced its stake in UBS Group AG by 7.7%, selling 15,402 shares and now holding 184,105 shares valued at $5,594,000.
• Several institutional investors have recently adjusted their positions in UBS, with Berbice Capital Management LLC notably increasing its holdings by 44.4%.
• UBS Group's stock received a mix of ratings from analysts, with Zacks Research upgrading it to a "strong-buy" and a current average rating of "Moderate Buy" according to MarketBeat.

Parkwood LLC trimmed its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,105 shares of the bank's stock after selling 15,402 shares during the quarter. Parkwood LLC's holdings in UBS Group were worth $5,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. City Holding Co. purchased a new stake in shares of UBS Group during the first quarter valued at approximately $25,000. Grove Bank & Trust bought a new position in UBS Group during the first quarter valued at $28,000. Quarry LP bought a new position in UBS Group during the first quarter valued at $37,000. Berbice Capital Management LLC grew its holdings in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after purchasing an additional 400 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after purchasing an additional 461 shares during the period.

UBS Group Price Performance

Shares of UBS stock traded down $0.50 on Tuesday, reaching $40.04. The company's stock had a trading volume of 1,789,151 shares, compared to its average volume of 1,546,122. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $40.90. The company has a market capitalization of $128.39 billion, a P/E ratio of 21.19, a PEG ratio of 0.71 and a beta of 1.21. The stock's 50 day simple moving average is $38.15 and its 200-day simple moving average is $33.77.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on UBS. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group currently has an average 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.