UBS Group AG $UBS Shares Sold by Pitcairn Co.

Pitcairn Co. trimmed its holdings in UBS Group AG (NYSE:UBS) by 33.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,334 shares of the bank’s stock after selling 22,769 shares during the quarter. Pitcairn Co.’s holdings in UBS Group were worth $1,499,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Maseco LLP bought a new position in shares of UBS Group in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in UBS Group in the second quarter worth about $33,000. Quarry LP bought a new position in UBS Group in the 1st quarter valued at about $37,000. Westside Investment Management Inc. increased its stake in UBS Group by 535.2% during the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock valued at $38,000 after buying an additional 958 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after buying an additional 573 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UBS. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

UBS opened at $43.21 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. The firm has a market cap of $138.55 billion, a PE ratio of 19.46, a P/E/G ratio of 0.70 and a beta of 1.13. The business has a fifty day simple moving average of $39.00 and a 200-day simple moving average of $37.85. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $43.76.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. UBS Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal 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.