Diversify Advisory Services LLC Sells 3,566 Shares of UBS Group AG (NYSE:UBS)

Diversify Advisory Services LLC trimmed its stake in UBS Group AG (NYSE:UBS) by 26.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,866 shares of the bank’s stock after selling 3,566 shares during the quarter. Diversify Advisory Services LLC’s holdings in UBS Group were worth $321,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UBS. Legal & General Group Plc raised its position in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. M&G Plc bought a new position in shares of UBS Group in the 1st quarter worth $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after acquiring an additional 5,508,422 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of UBS Group by 72.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock worth $250,360,000 after acquiring an additional 3,421,396 shares in the last quarter. Finally, Susquehanna International Securities Ltd. raised its position in shares of UBS Group by 162.3% in the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after acquiring an additional 3,103,747 shares in the last quarter.

UBS Group Trading Down 2.2 %

Shares of NYSE:UBS opened at $30.67 on Friday. The business’s 50-day moving average is $30.88 and its 200 day moving average is $30.19. UBS Group AG has a 1 year low of $23.23 and a 1 year high of $32.90. The firm has a market capitalization of $98.34 billion, a P/E ratio of 57.87 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same quarter in the previous year, the business earned $1.88 EPS. On average, research analysts predict that UBS Group AG will post 1.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

UBS Group 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.