Kovitz Investment Group Partners LLC Has $1.22 Million Stake in UBS Group AG $UBS

Key Points

• Kovitz Investment Group Partners LLC has reduced its stake in UBS Group AG by 15.2%, now holding 39,831 shares worth approximately $1.22 million.
• UBS Group reported a net revenue of $11.55 billion for the most recent quarter, significantly exceeding estimates of $9.77 billion, with earnings per share of $0.72.
• The stock has received positive ratings from several analysts, with an average rating of "Moderate Buy" and multiple upgrades from firms including Royal Bank of Canada and Bank of America.

Kovitz Investment Group Partners LLC trimmed its holdings in UBS Group AG (NYSE:UBS - Free Report) by 15.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,831 shares of the bank's stock after selling 7,115 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in UBS Group were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. City Holding Co. acquired a new position in UBS Group in the 1st quarter valued at approximately $25,000. Grove Bank & Trust bought a new position in shares of UBS Group during the 1st quarter worth approximately $28,000. Berbice Capital Management LLC boosted its stake in UBS Group by 44.4% in 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. Rakuten Securities Inc. boosted its stake in UBS Group by 45.9% in 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. Finally, Continuum Advisory LLC raised its stake in UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after acquiring an additional 477 shares in the last quarter.

UBS Group Price Performance

Shares of UBS traded up $0.8650 during mid-day trading on Friday, hitting $40.3550. 1,333,260 shares of the company traded hands, compared to its average volume of 2,029,732. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $129.40 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.69 and a beta of 1.18. The business has a 50-day moving average of $36.18 and a 200 day moving average of $33.21. UBS Group AG has a one year low of $25.75 and a one year high of $40.42.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm 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 7.17% and a net margin of 9.21%.During the same quarter in the prior year, the business earned $0.34 EPS. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, UBS Group currently 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.