UBS Group AG $UBS Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 5.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,160,903 shares of the bank’s stock after selling 760,582 shares during the period. Wellington Management Group LLP’s holdings in UBS Group were worth $369,329,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UBS. Geode Capital Management LLC purchased a new position in shares of UBS Group in the 4th quarter worth $1,104,000. Rockefeller Capital Management L.P. raised its position in shares of UBS Group by 24.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,999 shares of the bank’s stock worth $485,000 after buying an additional 3,166 shares during the period. NewEdge Advisors LLC raised its position in shares of UBS Group by 7.1% in the 4th quarter. NewEdge Advisors LLC now owns 40,505 shares of the bank’s stock worth $1,228,000 after buying an additional 2,685 shares during the period. GeoWealth Management LLC raised its position in shares of UBS Group by 74.5% in the 4th quarter. GeoWealth Management LLC now owns 8,624 shares of the bank’s stock worth $261,000 after buying an additional 3,683 shares during the period. Finally, First Trust Advisors LP raised its position in shares of UBS Group by 13.4% in the 4th quarter. First Trust Advisors LP now owns 242,471 shares of the bank’s stock worth $7,394,000 after buying an additional 28,585 shares during the period.

UBS Group Stock Down 0.6%

Shares of UBS Group stock opened at $39.67 on Tuesday. The business has a 50-day moving average of $35.59 and a 200-day moving average of $33.03. 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 company has a market capitalization of $127.20 billion, a PE ratio of 20.99, a P/E/G ratio of 0.70 and a beta of 1.18. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $40.21.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company 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 last year, the firm earned $0.34 earnings per share. As a group, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UBS shares. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Thursday. Wedbush reissued a “neutral” rating on shares of UBS Group in a research report on Tuesday, May 27th. DZ Bank raised UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Zacks Research raised UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently 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.