Parallel Advisors LLC Sells 3,403 Shares of UBS Group AG $UBS

Parallel Advisors LLC decreased its holdings in UBS Group AG (NYSE:UBS) by 18.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,634 shares of the bank’s stock after selling 3,403 shares during the period. Parallel Advisors LLC’s holdings in UBS Group were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of UBS Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank’s stock worth $4,037,467,000 after purchasing an additional 3,562,475 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UBS Group by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock worth $2,293,986,000 after acquiring an additional 1,363,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UBS Group by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock worth $1,688,163,000 after acquiring an additional 4,207,140 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after acquiring an additional 17,676,829 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in shares of UBS Group by 1.3% in the first quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank’s stock worth $1,075,976,000 after acquiring an additional 449,013 shares during the period.

UBS Group Price Performance

Shares of UBS Group stock opened at $42.27 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $135.54 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.38. The stock’s 50-day simple moving average is $39.12 and its 200-day simple moving average is $34.18.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBS. Morgan Stanley lowered UBS Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 18th. Wedbush reaffirmed a “neutral” rating on shares of UBS Group in a report on Tuesday, May 27th. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.

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.