UBS Group AG (NYSE:UBS) Shares Sold by Senator Investment Group LP

Senator Investment Group LP reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 98.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,224 shares of the bank’s stock after selling 505,000 shares during the period. Senator Investment Group LP’s holdings in UBS Group were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Drive Wealth Management LLC increased its position in shares of UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after purchasing an additional 349 shares during the last quarter. D Orazio & Associates Inc. raised its stake in UBS Group by 3.5% in the first quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after buying an additional 381 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in UBS Group by 11.2% in the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after buying an additional 420 shares in the last quarter. Parallel Advisors LLC lifted its holdings in UBS Group by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock worth $489,000 after buying an additional 420 shares during the last quarter. Finally, Traveka Wealth LLC boosted its position in shares of UBS Group by 6.2% during the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after acquiring an additional 435 shares in the last quarter.

UBS Group Stock Up 0.1 %

Shares of NYSE UBS opened at $31.03 on Monday. The stock has a market cap of $99.50 billion, a PE ratio of 3.38 and a beta of 1.15. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.13. The business has a 50-day moving average price of $29.89 and a 200 day moving average price of $30.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period last year, the firm posted $1.88 earnings per share. Equities research analysts forecast that UBS Group AG will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UBS shares. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America started coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average 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.