HB Wealth Management LLC Sells 3,694 Shares of UBS Group AG $UBS

HB Wealth Management LLC lessened its stake in shares of UBS Group AG (NYSE:UBS) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,447 shares of the bank’s stock after selling 3,694 shares during the quarter. HB Wealth Management LLC’s holdings in UBS Group were worth $319,000 at the end of the most recent reporting period.

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

UBS Group Stock Performance

NYSE UBS opened at $41.02 on Tuesday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $40.07 and its 200-day simple moving average is $34.83. The company has a market cap of $131.53 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.18. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UBS. Zacks Research upgraded UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Saturday, September 27th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Finally, Wall Street Zen cut UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. 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.