Private Advisor Group LLC Reduces Stock Holdings in UBS Group AG (NYSE:UBS)

Key Points

• Private Advisor Group LLC reduced its stake in UBS Group AG by 29.0% in the first quarter, owning 24,297 shares valued at $744,000 after selling 9,901 shares.
• UBS Group's stock price opened at $37.77 and saw a 1.7% decline, with a market cap of $121.11 billion.
• The bank exceeded earnings expectations with $0.51 EPS for the last quarter, surpassing the predicted $0.42, along with substantial revenue of $11.90 billion.

Private Advisor Group LLC lessened its position in UBS Group AG (NYSE:UBS - Free Report) by 29.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,297 shares of the bank's stock after selling 9,901 shares during the quarter. Private Advisor Group LLC's holdings in UBS Group were worth $744,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. City Holding Co. bought a new stake in UBS Group during the 1st quarter valued at about $25,000. Grove Bank & Trust bought a new stake in UBS Group during the 1st quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in UBS Group during the 4th quarter valued at about $33,000. Berbice Capital Management LLC lifted its holdings in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares in the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Wedbush restated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Finally, Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

UBS Group Stock Down 1.7%

Shares of NYSE UBS traded down $0.64 during trading hours on Friday, hitting $36.69. 2,033,653 shares of the stock were exchanged, compared to its average volume of 3,211,684. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. The company has a market cap of $117.65 billion, a PE ratio of 19.42, a PEG ratio of 0.68 and a beta of 1.15. The firm has a fifty day moving average price of $34.05 and a 200-day moving average price of $32.71. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $38.42.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.23%. During the same quarter in the previous year, the business posted $0.34 EPS. On average, sell-side analysts expect that UBS Group AG will post 1.9 EPS 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.