Occudo Quantitative Strategies LP Lowers Position in UBS Group AG (NYSE:UBS)

Occudo Quantitative Strategies LP lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,120 shares of the bank's stock after selling 14,346 shares during the period. Occudo Quantitative Strategies LP's holdings in UBS Group were worth $580,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of UBS Group in the 4th quarter worth $27,000. Rakuten Securities Inc. bought a new position in UBS Group in the fourth quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in UBS Group in the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UBS Group during the 4th quarter valued at about $41,000. Finally, Farther Finance Advisors LLC increased its position in shares of UBS Group by 27.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after purchasing an additional 482 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBS. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. StockNews.com downgraded shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Morgan Stanley cut UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

UBS Group Price Performance

Shares of UBS traded down $0.27 during mid-day trading on Friday, reaching $33.02. The stock had a trading volume of 2,659,954 shares, compared to its average volume of 2,300,838. The business has a fifty day moving average of $30.42 and a 200 day moving average of $31.85. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $105.86 billion, a price-to-earnings ratio of 21.72 and a beta of 1.15. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating 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 company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Equities analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Company 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.