UBS Group AG $UBS Position Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,541 shares of the bank’s stock after selling 2,732 shares during the period. Sequoia Financial Advisors LLC’s holdings in UBS Group were worth $1,168,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Maseco LLP bought a new position in shares of UBS Group during the 2nd quarter valued at about $28,000. Quarry LP purchased a new stake in UBS Group during the first quarter valued at about $37,000. Berbice Capital Management LLC lifted its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in UBS Group during the second quarter valued at about $65,000.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Price Performance

NYSE UBS opened at $38.53 on Friday. The company has a 50 day simple moving average of $40.41 and a 200-day simple moving average of $35.28. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $123.53 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.56.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter last year, the firm earned $0.34 earnings per share. Equities research analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.