UMB Bank n.a. Lowers Stock Holdings in UBS Group AG $UBS

UMB Bank n.a. cut its stake in shares of UBS Group AG (NYSE:UBS) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,581 shares of the bank’s stock after selling 465 shares during the period. UMB Bank n.a.’s holdings in UBS Group were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UBS. City Holding Co. purchased a new stake in shares of UBS Group during the first quarter worth approximately $25,000. Grove Bank & Trust purchased a new position in UBS Group during the 1st quarter worth $28,000. Quarry LP purchased a new position in UBS Group during the 1st quarter worth $37,000. Berbice Capital Management LLC lifted its stake in shares of UBS Group by 44.4% in the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after acquiring an additional 400 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank’s stock valued at $45,000 after acquiring an additional 461 shares in the last quarter.

UBS Group Trading Down 1.3%

Shares of UBS stock opened at $41.55 on Thursday. The stock has a market cap of $133.23 billion, a P/E ratio of 21.99, a P/E/G ratio of 0.72 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 AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. The business has a fifty day simple moving average of $39.50 and a 200-day simple moving average of $34.35.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the company earned $0.34 EPS. On average, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Morgan Stanley lowered UBS Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 18th. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UBS Group currently has a consensus rating of “Moderate Buy”.

About UBS Group

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.