Zhang Financial LLC lessened its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 77.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,927 shares of the bank's stock after selling 31,284 shares during the period. Zhang Financial LLC's holdings in UBS Group were worth $273,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of UBS. Timber Creek Capital Management LLC raised its holdings in shares of UBS Group by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank's stock valued at $3,566,000 after acquiring an additional 311 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of UBS Group by 0.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after acquiring an additional 320 shares during the last quarter. Allworth Financial LP raised its position in UBS Group by 6.4% in the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank's stock valued at $168,000 after purchasing an additional 334 shares during the period. Independent Advisor Alliance grew its position in UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank's stock valued at $2,607,000 after acquiring an additional 339 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in UBS Group by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank's stock worth $341,000 after buying an additional 345 shares during the period.
Analyst Ratings Changes
A number of analysts recently weighed in on UBS shares. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Wedbush reiterated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Research Report on UBS
UBS Group Stock Down 2.2%
Shares of NYSE:UBS traded down $0.72 during midday trading on Friday, reaching $31.95. The company had a trading volume of 1,846,300 shares, compared to its average volume of 2,416,898. The stock's fifty day moving average price is $30.76 and its 200-day moving average price is $31.92. The stock has a market capitalization of $102.43 billion, a P/E ratio of 21.02 and a beta of 1.16. UBS Group AG has a one year low of $25.75 and a one year high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.
UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.
UBS Group Profile
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Free Report)
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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