Townsquare Capital LLC Reduces Stock Position in UBS Group AG (NYSE:UBS)

Key Points

• Townsquare Capital LLC reduced its stake in UBS Group AG by 17.3% in the first quarter, selling a total of 9,773 shares and retaining 46,727 shares valued at approximately $1.43 million.
• A mix of institutional investors have been active with UBS, with some like Berbice Capital increasing their stake by 44.4%, indicating varied investor sentiment towards the bank.
• Analysts have mixed ratings for UBS Group, with two sell ratings and a consensus rating of "Hold," reflecting uncertainty in the bank's stock performance.

Townsquare Capital LLC cut its stake in UBS Group AG (NYSE:UBS - Free Report) by 17.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,727 shares of the bank's stock after selling 9,773 shares during the period. Townsquare Capital LLC's holdings in UBS Group were worth $1,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in UBS. City Holding Co. purchased a new position in shares of UBS Group during the 1st quarter worth approximately $25,000. Grove Bank & Trust purchased a new position in shares of UBS Group during the 1st quarter worth approximately $28,000. Berbice Capital Management LLC increased its stake in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after purchasing an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UBS shares. Wall Street Zen cut shares of UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. 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 one has issued a strong buy rating to the company. Based on data from MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Stock Up 0.3%

Shares of NYSE UBS opened at $39.65 on Thursday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $39.71. The firm's 50 day moving average price is $35.19 and its 200 day moving average price is $32.98. The firm has a market cap of $127.13 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

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

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.

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