Greenwich Investment Management Inc. decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,840 shares of the bank’s stock after selling 5,925 shares during the quarter. UBS Group makes up 1.1% of Greenwich Investment Management Inc.’s holdings, making the stock its 24th biggest position. Greenwich Investment Management Inc.’s holdings in UBS Group were worth $925,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in UBS. Ameritas Investment Company LLC grew its position in UBS Group by 944.3% in the fourth quarter. Ameritas Investment Company LLC now owns 2,193 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,983 shares during the last quarter. Advisory Services Network LLC increased its position in shares of UBS Group by 61.8% during the 4th quarter. Advisory Services Network LLC now owns 4,345 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,659 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of UBS Group during the 4th quarter valued at about $63,000. HHM Wealth Advisors LLC bought a new position in shares of UBS Group during the 1st quarter valued at about $60,000. Finally, Samalin Investment Counsel LLC bought a new position in shares of UBS Group during the 4th quarter valued at about $101,000. 29.79% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on UBS. Royal Bank of Canada reiterated a “sector perform” rating on shares of UBS Group in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods upgraded UBS Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 1st. ValuEngine upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Zacks Investment Research upgraded UBS Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday. Finally, Deutsche Bank restated a “hold” rating on shares of UBS Group in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. UBS Group has an average rating of “Hold” and an average price target of $13.00.
Shares of UBS traded up $0.16 during trading hours on Monday, hitting $10.86. The stock had a trading volume of 88,985 shares, compared to its average volume of 3,650,335. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.98 and a quick ratio of 0.98. UBS Group AG has a 12 month low of $7.48 and a 12 month high of $13.49. The firm has a market capitalization of $39.16 billion, a PE ratio of 8.43 and a beta of 1.25. The stock has a fifty day moving average price of $9.86 and a 200 day moving average price of $11.26.
UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The company had revenue of $6.39 billion during the quarter. UBS Group had a return on equity of 8.55% and a net margin of 16.42%. As a group, analysts anticipate that UBS Group AG will post 1.02 EPS for the current fiscal year.
In other news, major shareholder Group Ag Ubs sold 257,889 shares of UBS Group stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $8.34, for a total transaction of $2,150,794.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 765,316 shares of company stock worth $6,495,034. Corporate insiders own 1.00% of the company’s stock.
UBS Group Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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