QRG Capital Management Inc. Sells 70,135 Shares of UBS Group AG (NYSE:UBS)

QRG Capital Management Inc. lessened its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,350 shares of the bank's stock after selling 70,135 shares during the period. QRG Capital Management Inc.'s holdings in UBS Group were worth $6,351,000 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. bought a new position in UBS Group in the 1st quarter worth approximately $25,000. Rakuten Securities Inc. bought a new stake in UBS Group during the fourth quarter valued at $30,000. Headlands Technologies LLC bought a new stake in shares of UBS Group during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UBS Group during the fourth quarter worth about $41,000. Finally, Continuum Advisory LLC increased its position in shares of 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 last quarter.

UBS Group Trading Down 2.6%

UBS traded down $0.82 during trading on Thursday, hitting $30.77. 2,467,037 shares of the stock traded hands, compared to its average volume of 2,417,221. The firm has a market capitalization of $98.65 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The firm has a 50-day moving average of $31.10 and a 200 day moving average of $31.92. 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 12-month low of $25.75 and a 12-month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup reiterated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday. Wedbush reiterated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, 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.