Financial Counselors Inc. Sells 1,465 Shares of UBS Group AG (NYSE:UBS)

Financial Counselors Inc. decreased its stake in shares of UBS Group AG (NYSE:UBS) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,814 shares of the bank’s stock after selling 1,465 shares during the quarter. Financial Counselors Inc.’s holdings in UBS Group were worth $290,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Drive Wealth Management LLC grew its stake 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 period. D Orazio & Associates Inc. grew its position 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 acquiring an additional 381 shares during the period. EverSource Wealth Advisors LLC raised its stake in UBS Group by 5.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock worth $258,000 after acquiring an additional 419 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of UBS Group by 11.2% during the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after acquiring an additional 420 shares during the period. Finally, Traveka Wealth LLC boosted its stake in shares of UBS Group by 6.2% in the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock valued at $221,000 after purchasing an additional 435 shares in the last quarter.

UBS Group Trading Down 0.8 %

UBS stock opened at $29.44 on Thursday. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $94.38 billion, a price-to-earnings ratio of 3.21 and a beta of 1.15. The business has a fifty day moving average price of $30.14 and a 200 day moving average price of $29.94. 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 released its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the business posted $1.88 earnings per share. Analysts expect that UBS Group AG will post 1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.