Kathmere Capital Management LLC Lowers Holdings in UBS Group AG (NYSE:UBS)

Kathmere Capital Management LLC reduced its stake in UBS Group AG (NYSE:UBS) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,967 shares of the bank’s stock after selling 685 shares during the period. Kathmere Capital Management LLC’s holdings in UBS Group were worth $1,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UBS. Nisa Investment Advisors LLC bought a new stake in UBS Group during the 2nd quarter valued at about $41,000. Opal Wealth Advisors LLC bought a new stake in shares of UBS Group during the first quarter valued at approximately $42,000. RFP Financial Group LLC raised its holdings in UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC raised its holdings in UBS Group by 5,742.3% in the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBS. Bank of America began coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of “Hold”.

UBS Group Price Performance

NYSE UBS opened at $31.04 on Friday. The company has a 50-day moving average price of $29.89 and a 200-day moving average price of $30.05. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $99.51 billion, a P/E ratio of 3.38 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm earned $1.88 earnings per share. Equities research analysts anticipate that UBS Group AG will post 1.36 earnings per share 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.