Sax Wealth Advisors LLC Has $466,000 Stock Position in UBS Group AG $UBS

Sax Wealth Advisors LLC trimmed its position in UBS Group AG (NYSE:UBS) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,774 shares of the bank’s stock after selling 862 shares during the quarter. Sax Wealth Advisors LLC’s holdings in UBS Group were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC grew its stake in shares of UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock valued at $640,000 after purchasing an additional 358 shares during the period. First National Bank of Hutchinson increased its stake in shares of 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 buying an additional 367 shares in the last quarter. Allianz SE grew its holdings in UBS Group by 3.2% during the 1st quarter. Allianz SE now owns 12,312 shares of the bank’s stock worth $374,000 after acquiring an additional 380 shares during the last quarter. Kestra Advisory Services LLC raised its position in UBS Group by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock worth $4,453,000 after purchasing an additional 386 shares during the last quarter. Finally, Impact Capital Partners LLC increased its stake in shares of UBS Group by 4.1% in the 2nd quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank’s stock valued at $338,000 after buying an additional 394 shares during the period.

UBS Group Stock Performance

Shares of NYSE UBS opened at $40.12 on Friday. The company has a market capitalization of $128.64 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.67 and a beta of 1.18. The stock has a 50 day moving average of $40.24 and a 200-day moving average of $34.96. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS) last issued its quarterly earnings data 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. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, equities research analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBS. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Wednesday. Wall Street Zen cut UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company 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.