TD Private Client Wealth LLC Reduces Holdings in UBS Group AG $UBS

TD Private Client Wealth LLC reduced its position in UBS Group AG (NYSE:UBS) by 48.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 978 shares of the bank’s stock after selling 923 shares during the period. TD Private Client Wealth LLC’s holdings in UBS Group were worth $33,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UBS. City Holding Co. acquired a new position in UBS Group during the first quarter worth approximately $25,000. Grove Bank & Trust acquired a new position in shares of UBS Group in the 1st quarter valued at $28,000. Maseco LLP purchased a new stake in UBS Group in the 2nd quarter valued at $28,000. Quarry LP acquired a new stake in UBS Group during the 1st quarter worth $37,000. Finally, Berbice Capital Management LLC boosted its stake in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after purchasing an additional 400 shares during the period.

UBS Group Stock Down 0.8%

Shares of NYSE:UBS opened at $40.99 on Wednesday. The company has a market capitalization of $131.42 billion, a P/E ratio of 21.69, a P/E/G 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 $42.56. 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 stock’s fifty day simple moving average is $39.86 and its 200-day simple moving average is $34.61.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley cut UBS Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 18th. Zacks Research upgraded UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.