UBS Group AG (NYSE:UBS) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP trimmed its holdings in shares of UBS Group AG (NYSE:UBS) by 36.0% during the second quarter, Holdings Channel.com reports. The firm owned 31,137 shares of the bank’s stock after selling 17,529 shares during the quarter. Seven Eight Capital LP’s holdings in UBS Group were worth $920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in UBS Group during the 2nd quarter valued at about $41,000. Opal Wealth Advisors LLC acquired a new position in shares of UBS Group during the first quarter valued at approximately $42,000. RFP Financial Group LLC raised its holdings in UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC lifted its position in UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in UBS Group during the 2nd quarter valued at $50,000.

UBS Group Stock Performance

Shares of NYSE UBS opened at $29.90 on Friday. The stock’s fifty day simple moving average is $29.92 and its 200 day simple moving average is $30.03. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 3.26 and a beta of 1.15. 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 AG has a 52-week low of $23.23 and a 52-week high of $32.13.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the company earned $1.88 EPS. As a group, sell-side analysts forecast that UBS Group AG will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UBS. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America started coverage on shares of UBS Group in a research report on Thursday. They set a “neutral” rating for the company. Four research 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 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.