QRG Capital Management Inc. Has $6.36 Million Stock Holdings in UBS Group AG $UBS

Key Points

• QRG Capital Management Inc. has reduced its stake in UBS Group AG by 9.3%, now holding 188,021 shares worth approximately $6.36 million.
• Several hedge funds have recently adjusted their positions in UBS, with GAMMA Investing LLC increasing its stake by a remarkable 2,963% in the first quarter.
• UBS Group has received mixed ratings from analysts; while Morgan Stanley downgraded it to "underweight," Zacks Research upgraded it to "strong-buy."

QRG Capital Management Inc. trimmed its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,021 shares of the bank's stock after selling 19,329 shares during the quarter. QRG Capital Management Inc.'s holdings in UBS Group were worth $6,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in UBS. GAMMA Investing LLC raised its position in shares of UBS Group by 2,963.0% during the first quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock worth $836,000 after acquiring an additional 24,771 shares during the last quarter. Rhumbline Advisers raised its position in shares of UBS Group by 10.3% during the first quarter. Rhumbline Advisers now owns 42,554 shares of the bank's stock worth $1,303,000 after acquiring an additional 3,971 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of UBS Group during the first quarter worth about $227,000. Sivia Capital Partners LLC raised its position in shares of UBS Group by 3.8% during the first quarter. Sivia Capital Partners LLC now owns 13,661 shares of the bank's stock worth $418,000 after acquiring an additional 501 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of UBS Group by 55.7% during the first quarter. Park Avenue Securities LLC now owns 57,927 shares of the bank's stock worth $1,774,000 after acquiring an additional 20,722 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Zacks Research upgraded UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, UBS Group currently has an average rating of "Moderate Buy".

UBS Group Trading Up 2.0%

NYSE UBS opened at $41.14 on Monday. The company has a market cap of $131.91 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 0.67 and a beta of 1.18. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56. The business has a 50 day moving average price of $40.01 and a 200-day moving average price of $34.78. 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 (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.34 earnings per share. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal 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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