UBS Group AG (NYSE:UBS) Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC trimmed its holdings in UBS Group AG (NYSE:UBS - Free Report) by 31.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,537 shares of the bank's stock after selling 16,925 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in UBS Group were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. City Holding Co. acquired a new position in shares of UBS Group in the 1st quarter worth $25,000. Rakuten Securities Inc. purchased a new position in shares of UBS Group during the fourth quarter valued at $30,000. Headlands Technologies LLC purchased a new position in shares of UBS Group during the fourth quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UBS Group during the fourth quarter valued at $41,000. Finally, Continuum Advisory LLC grew its holdings in shares of UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after buying an additional 477 shares in the last quarter.

UBS Group Trading Down 2.2%

UBS stock opened at $31.95 on Friday. The firm has a market cap of $102.43 billion, a P/E ratio of 21.02 and a beta of 1.16. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The business's 50 day moving average is $30.88 and its 200-day moving average is $31.93. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $10.19 billion. Equities analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the subject of a number of research reports. Royal Bank of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Morgan Stanley cut UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Finally, Wedbush reissued a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, UBS Group presently 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.

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