UBS Group AG $UBS Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lowered its position in shares of UBS Group AG (NYSE:UBS) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,244 shares of the bank’s stock after selling 992 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in UBS Group were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Baker Ellis Asset Management LLC raised its holdings in shares of UBS Group by 2.7% during the second quarter. Baker Ellis Asset Management LLC now owns 40,050 shares of the bank’s stock valued at $1,354,000 after acquiring an additional 1,050 shares during the last quarter. Lingohr Asset Management GmbH acquired a new position in shares of UBS Group during the second quarter valued at approximately $672,000. Gradient Investments LLC raised its holdings in shares of UBS Group by 25.5% during the second quarter. Gradient Investments LLC now owns 19,225 shares of the bank’s stock valued at $650,000 after acquiring an additional 3,910 shares during the last quarter. Park National Corp OH raised its holdings in shares of UBS Group by 7.5% during the second quarter. Park National Corp OH now owns 7,789 shares of the bank’s stock valued at $263,000 after acquiring an additional 544 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of UBS Group by 10.3% during the first quarter. Rhumbline Advisers now owns 42,554 shares of the bank’s stock valued at $1,303,000 after acquiring an additional 3,971 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on UBS shares. Wedbush reissued a “neutral” rating on shares of UBS Group in a report on Tuesday, May 27th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Morgan Stanley cut UBS Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 18th. Jefferies Financial Group raised UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 3rd. Finally, Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.3%

UBS opened at $41.54 on Friday. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $41.71. The business has a fifty day simple moving average of $38.99 and a 200-day simple moving average of $34.12. The firm has a market cap of $133.18 billion, a P/E ratio of 21.98, a P/E/G ratio of 0.71 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The business had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the business posted $0.34 earnings per share. On average, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

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.