UBS Group AG $UBS Shares Sold by Forum Financial Management LP

Forum Financial Management LP lowered its holdings in UBS Group AG (NYSE:UBS - Free Report) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,356 shares of the bank's stock after selling 11,749 shares during the quarter. Forum Financial Management LP's holdings in UBS Group were worth $1,906,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ethic Inc. lifted its holdings in UBS Group by 4.3% in the second quarter. Ethic Inc. now owns 27,845 shares of the bank's stock valued at $931,000 after acquiring an additional 1,158 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of UBS Group by 354.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 30,923 shares of the bank's stock worth $1,046,000 after buying an additional 24,125 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of UBS Group by 38.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 83,370 shares of the bank's stock worth $2,820,000 after buying an additional 23,356 shares during the last quarter. TrueMark Investments LLC raised its stake in shares of UBS Group by 18.3% during the 2nd quarter. TrueMark Investments LLC now owns 75,686 shares of the bank's stock worth $2,560,000 after buying an additional 11,730 shares during the last quarter. Finally, First National Bank of Hutchinson raised its stake in shares of UBS Group by 4.0% during the 2nd quarter. First National Bank of Hutchinson now owns 12,883 shares of the bank's stock worth $436,000 after buying an additional 499 shares during the last quarter.

UBS Group Price Performance

UBS Group stock opened at $38.06 on Thursday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The firm has a 50 day moving average price of $40.33 and a 200 day moving average price of $35.47. The company has a market cap of $122.02 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 0.61 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 released its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Sell-side analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company 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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