Freedom Investment Management Inc. Sells 1,502 Shares of UBS Group AG $UBS

Freedom Investment Management Inc. decreased its position in UBS Group AG (NYSE:UBS) by 11.6% in the first quarter, Holdings Channel.com reports. The firm owned 11,421 shares of the bank’s stock after selling 1,502 shares during the quarter. Freedom Investment Management Inc.’s holdings in UBS Group were worth $350,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. City Holding Co. bought a new position in UBS Group in the first quarter worth $25,000. Grove Bank & Trust purchased a new position in UBS Group during the first quarter valued at $28,000. Berbice Capital Management LLC raised its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after buying an additional 400 shares during the last quarter. Rakuten Securities Inc. raised its stake in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank’s stock valued at $45,000 after buying an additional 461 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank’s stock valued at $61,000 after buying an additional 477 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the subject of a number of recent research reports. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Morgan Stanley cut UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, Zacks Research upgraded UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Down 0.8%

UBS stock opened at $40.22 on Thursday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $40.58. The business has a fifty day moving average price of $36.71 and a 200-day moving average price of $33.36. 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 has a market capitalization of $128.97 billion, a P/E ratio of 21.28, a P/E/G ratio of 0.71 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm 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 quarter in the previous year, the business earned $0.34 earnings per share. Equities analysts forecast that UBS Group AG will post 1.9 earnings per share 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.