UBS Group AG $UBS Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. decreased its holdings in UBS Group AG by 23.5%, selling 243,752 shares in the first quarter, bringing its total ownership to 793,485 shares valued at approximately $24.3 million.
• UBS Group reported a quarterly earnings per share of $0.72, beating analyst estimates of $0.70, while revenue for the same period was $11.55 billion, significantly exceeding expectations of $9.77 billion.
• Analyst ratings for UBS Group show a mixed sentiment, with several upgrades and downgrades, resulting in an average rating of "Moderate Buy" among the analysts covering the stock.

Raymond James Financial Inc. reduced its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 793,485 shares of the bank's stock after selling 243,752 shares during the period. Raymond James Financial Inc.'s holdings in UBS Group were worth $24,304,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UBS. Geode Capital Management LLC acquired a new stake in shares of UBS Group during the 4th quarter worth about $1,104,000. First Trust Advisors LP boosted its stake in shares of UBS Group by 13.4% during the 4th quarter. First Trust Advisors LP now owns 242,471 shares of the bank's stock worth $7,394,000 after purchasing an additional 28,585 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of UBS Group by 0.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock worth $1,998,000 after purchasing an additional 320 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of UBS Group by 1.8% during the 4th quarter. Voya Investment Management LLC now owns 559,994 shares of the bank's stock worth $17,135,000 after purchasing an additional 9,936 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its stake in shares of UBS Group by 6.6% during the 4th quarter. Nebula Research & Development LLC now owns 9,098 shares of the bank's stock worth $276,000 after purchasing an additional 563 shares during the last quarter.

UBS Group Trading Down 0.5%

NYSE UBS opened at $40.19 on Tuesday. 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 AG has a one year low of $25.75 and a one year high of $40.44. The company's 50 day moving average price is $36.35 and its 200 day moving average price is $33.26. The firm has a market capitalization of $128.87 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 0.71 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the company earned $0.34 earnings per share. On average, sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Analysts Set New Price Targets

UBS has been the topic of several analyst reports. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. 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. According to data from MarketBeat.com, UBS Group currently has an average rating of "Moderate Buy".

About UBS Group

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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