Vident Advisory LLC Lowers Stock Position in UBS Group AG (NYSE:UBS)

Vident Advisory LLC reduced its stake in shares of UBS Group AG (NYSE:UBS) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,009 shares of the bank’s stock after selling 4,336 shares during the period. Vident Advisory LLC’s holdings in UBS Group were worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new position in shares of UBS Group during the 4th quarter valued at about $218,000. Jones Financial Companies Lllp lifted its holdings in UBS Group by 142.4% in the 4th quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank’s stock worth $668,000 after purchasing an additional 12,939 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in UBS Group by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in UBS Group by 13.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank’s stock worth $1,307,000 after purchasing an additional 4,912 shares in the last quarter. Finally, Orca Wealth Management LLC purchased a new position in UBS Group in the 4th quarter worth approximately $1,826,000.

UBS Group Stock Performance

NYSE:UBS opened at $32.28 on Wednesday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $35.84. The stock’s 50 day simple moving average is $30.47 and its two-hundred day simple moving average is $31.87. The company has a market cap of $103.50 billion, a price-to-earnings ratio of 21.24 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. As a group, equities analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of research analyst reports. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Monday, May 12th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. DZ Bank raised UBS Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.