Wealth Enhancement Advisory Services LLC Cuts Stock Position in UBS Group AG $UBS

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,067 shares of the bank’s stock after selling 3,328 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in UBS Group were worth $4,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in 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 in the last quarter. Nuveen LLC bought a new stake in shares of UBS Group in the 1st quarter valued at approximately $348,161,000. Banque Cantonale Vaudoise purchased a new position in shares of UBS Group in the 1st quarter worth approximately $206,885,000. Deutsche Bank AG boosted its holdings in shares of UBS Group by 16.1% in the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank’s stock worth $960,278,000 after purchasing an additional 4,337,005 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of UBS Group by 8.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBS. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Morgan Stanley cut shares of UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Down 2.5%

Shares of NYSE UBS opened at $40.49 on Friday. UBS Group AG has a twelve month low of $25.75 and a twelve month 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 business has a fifty day simple moving average of $39.59 and a two-hundred day simple moving average of $34.41. The firm has a market cap of $129.81 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.

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

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.