UBS Group AG $UBS Shares Sold by Zhang Financial LLC

Zhang Financial LLC trimmed its holdings in shares of UBS Group AG (NYSE:UBS) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,515 shares of the bank’s stock after selling 412 shares during the period. Zhang Financial LLC’s holdings in UBS Group were worth $288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of UBS Group by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares in the last quarter. Nuveen LLC acquired a new position in shares of UBS Group in the 1st quarter valued at $348,161,000. Banque Cantonale Vaudoise acquired a new position in shares of UBS Group in the 1st quarter valued at $206,885,000. Deutsche Bank AG lifted its stake 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 purchasing an additional 4,337,005 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 purchasing an additional 4,207,140 shares during the period.

Analysts Set New Price Targets

UBS has been the subject of several analyst reports. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Two 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $39.09 on Wednesday. The firm has a market cap of $125.35 billion, a PE ratio of 20.68, a PEG ratio of 0.67 and a beta of 1.18. The firm has a fifty day moving average of $40.23 and a 200 day moving average of $35.91. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a one year low of $25.75 and a one year high of $42.56.

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

UBS Group Company 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.