UBS Group AG $UBS Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lessened its holdings in UBS Group AG (NYSE:UBS) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,756 shares of the bank’s stock after selling 1,810 shares during the quarter. Highland Capital Management LLC’s holdings in UBS Group were worth $2,934,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in UBS Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank’s stock valued at $4,037,467,000 after buying an additional 3,562,475 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in UBS Group by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock valued at $2,293,986,000 after buying an additional 1,363,149 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UBS Group by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock valued at $1,688,163,000 after buying an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock valued at $1,153,354,000 after buying an additional 17,676,829 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in UBS Group by 1.3% in the first quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank’s stock valued at $1,075,976,000 after buying an additional 449,013 shares during the last quarter.

UBS Group Price Performance

Shares of UBS Group stock opened at $41.14 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The company’s 50-day moving average price is $40.01 and its two-hundred day moving average price is $34.76. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56. The stock has a market cap of $131.91 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UBS. 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 shares of UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.