Kathmere Capital Management LLC Has $1.12 Million Position in UBS Group AG $UBS

Kathmere Capital Management LLC lessened its position in UBS Group AG (NYSE:UBS) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,969 shares of the bank’s stock after selling 2,727 shares during the period. Kathmere Capital Management LLC’s holdings in UBS Group were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. Goldman Sachs Group Inc. increased its holdings in UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after purchasing 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 about $348,161,000. Banque Cantonale Vaudoise bought a new stake in shares of UBS Group in the 1st quarter valued at about $206,885,000. Deutsche Bank AG grew its position 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 valued at $960,278,000 after buying an additional 4,337,005 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UBS Group by 8.2% in 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 buying an additional 4,207,140 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have commented on UBS. Wall Street Zen lowered UBS Group from a “hold” rating to a “sell” rating in a research report on Sunday. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Zacks Research upgraded UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 0.7%

Shares of UBS Group stock opened at $40.78 on Friday. UBS Group AG has a one year low of $25.75 and a one year high of $42.56. 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 moving average is $39.68 and its 200 day moving average is $34.49. The firm has a market cap of $130.76 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.70 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the prior year, the company earned $0.34 earnings per share. Equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

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.