UBS Group AG $UBS Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its stake in shares of UBS Group AG (NYSE:UBS) by 35.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,243 shares of the bank’s stock after selling 5,011 shares during the quarter. DAVENPORT & Co LLC’s holdings in UBS Group were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC increased its position in UBS Group by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after purchasing an additional 358 shares in the last quarter. First National Bank of Hutchinson grew its position in UBS Group by 3.1% in the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock valued at $379,000 after acquiring an additional 367 shares in the last quarter. Allianz SE grew its position in UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after acquiring an additional 380 shares in the last quarter. Kestra Advisory Services LLC grew its position in UBS Group by 0.3% in the first quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock valued at $4,453,000 after acquiring an additional 386 shares in the last quarter. Finally, Impact Capital Partners LLC grew its position in UBS Group by 4.1% in the second quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank’s stock valued at $338,000 after acquiring an additional 394 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UBS shares. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Wall Street Zen downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

UBS Group Stock Performance

UBS Group stock opened at $39.72 on Monday. The stock has a market cap of $127.37 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 0.64 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a 50 day moving average of $40.30 and a 200-day moving average of $35.04. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56.

UBS Group (NYSE:UBS) last released its 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. The company had revenue of $11.55 billion during the quarter, compared to analysts’ expectations 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 business posted $0.34 EPS. On average, analysts expect that UBS Group AG will post 1.9 EPS 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.