UBS Group AG (NYSE:UBS) Shares Sold by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. has reduced its stake in UBS Group AG by 43.1%, now holding 11,540 shares worth $353,000 after selling 8,738 shares in the 1st quarter.
• Several analysts have upgraded UBS Group's ratings, with DZ Bank and Jefferies Financial Group increasing it to "strong-buy" and "buy", respectively, contributing to a consensus rating of "Moderate Buy."
• UBS Group reported earnings of $0.72 per share for the last quarter, surpassing estimates, with total revenue of $11.55 billion, significantly exceeding the consensus estimate of $9.77 billion.

Mesirow Financial Investment Management Inc. trimmed its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 43.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,540 shares of the bank's stock after selling 8,738 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in UBS Group were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its holdings in UBS Group by 0.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock worth $1,998,000 after acquiring an additional 320 shares during the period. HighPoint Advisor Group LLC grew its holdings in UBS Group by 4.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank's stock worth $253,000 after acquiring an additional 349 shares during the period. First National Bank of Hutchinson grew its holdings in UBS Group by 3.1% during the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after acquiring an additional 367 shares during the period. Keel Point LLC grew its holdings in UBS Group by 4.4% during the fourth quarter. Keel Point LLC now owns 9,227 shares of the bank's stock worth $280,000 after acquiring an additional 389 shares during the period. Finally, 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 worth $40,000 after acquiring an additional 400 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on UBS. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, UBS Group presently has a consensus rating of "Moderate Buy".

UBS Group Stock Down 1.7%

Shares of UBS opened at $37.29 on Friday. The firm has a market cap of $119.57 billion, a P/E ratio of 19.73, a PEG ratio of 0.68 and a beta of 1.15. The stock's 50 day moving average is $34.05 and its two-hundred day moving average is $32.71. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $38.42. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a return on equity of 7.23% and a net margin of 9.21%. During the same quarter last year, the business posted $0.34 earnings per share. Analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.

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