Quadrant Capital Group LLC Sells 11,446 Shares of UBS Group AG $UBS

Quadrant Capital Group LLC lowered its stake in UBS Group AG (NYSE:UBS) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 106,855 shares of the bank’s stock after selling 11,446 shares during the quarter. Quadrant Capital Group LLC’s holdings in UBS Group were worth $3,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UBS. Maseco LLP bought a new stake in UBS Group during the 2nd quarter valued at $28,000. Quarry LP bought a new position in shares of UBS Group during the first quarter valued at about $37,000. Westside Investment Management Inc. boosted its holdings in shares of UBS Group by 535.2% during the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after purchasing an additional 958 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of UBS Group in the second quarter worth about $65,000.

UBS Group Stock Up 1.3%

Shares of UBS Group stock opened at $38.09 on Friday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The firm has a market cap of $122.13 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.66 and a beta of 1.20. The company has a 50-day moving average of $39.20 and a 200 day moving average of $37.16. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UBS shares. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Finally, BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

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.