Sequoia Financial Advisors LLC Has $1.06 Million Stock Holdings in UBS Group AG (NYSE:UBS)

Sequoia Financial Advisors LLC decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,228 shares of the bank’s stock after selling 594 shares during the period. Sequoia Financial Advisors LLC’s holdings in UBS Group were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after purchasing an additional 5,508,422 shares during the last quarter. Legal & General Group Plc lifted its position in UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the last quarter. Capital World Investors lifted its position in UBS Group by 3.1% during the first quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after purchasing an additional 1,147,836 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of UBS Group by 0.9% in the 2nd quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock worth $884,759,000 after acquiring an additional 280,696 shares during the last quarter.

UBS Group Trading Down 0.9 %

UBS stock opened at $32.10 on Friday. The firm has a market cap of $102.93 billion, a PE ratio of 3.50 and a beta of 1.15. The firm has a fifty day moving average price of $30.75 and a 200 day moving average price of $30.12. UBS Group AG has a fifty-two week low of $23.23 and a fifty-two week high of $32.88. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the company posted $1.88 earnings per share. Sell-side analysts anticipate that UBS Group AG will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBS shares. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.