Highland Capital Management LLC Has $2.90 Million Position in UBS Group AG (NYSE:UBS)

Highland Capital Management LLC lessened its stake in shares of UBS Group AG (NYSE:UBS) by 7.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 98,272 shares of the bank’s stock after selling 8,280 shares during the quarter. Highland Capital Management LLC’s holdings in UBS Group were worth $2,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group during the second quarter worth approximately $41,000. Opal Wealth Advisors LLC bought a new stake in UBS Group in the 1st quarter valued at $42,000. RFP Financial Group LLC grew its holdings in UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after buying an additional 526 shares in the last quarter. Larson Financial Group LLC increased its position in UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after buying an additional 1,493 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of UBS Group by 91.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after buying an additional 736 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS opened at $31.23 on Monday. The business has a fifty day moving average price of $30.13 and a two-hundred day moving average price of $29.79. The stock has a market capitalization of $100.14 billion, a PE ratio of 3.38 and a beta of 1.16. 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 AG has a fifty-two week low of $23.23 and a fifty-two week high of $32.13.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion during 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 firm earned $1.88 earnings per share. As a group, equities analysts predict that UBS Group AG will post 1.02 earnings per share for the current fiscal year.

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.