First City Capital Management Inc. Has $222,000 Holdings in UBS Group AG (NYSE:UBS)

First City Capital Management Inc. decreased its position in UBS Group AG (NYSE:UBS) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,504 shares of the bank’s stock after selling 375 shares during the quarter. First City Capital Management Inc.’s holdings in UBS Group were worth $222,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Drive Wealth Management LLC grew its holdings in 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 buying an additional 349 shares in the last quarter. D Orazio & Associates Inc. grew its stake in shares of 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 in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of 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 acquiring an additional 420 shares in the last quarter. Parallel Advisors LLC increased its position in UBS Group by 2.6% during the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock worth $489,000 after acquiring an additional 420 shares during the period. Finally, Traveka Wealth LLC raised its stake in UBS Group by 6.2% in the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares in the last quarter.

UBS Group Stock Down 1.6 %

Shares of UBS opened at $29.90 on Friday. The firm has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $30.03. 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 one year low of $23.23 and a one year high of $32.13. The company has a market cap of $95.87 billion, a P/E ratio of 3.26 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the company posted $1.88 EPS. Research analysts forecast that UBS Group AG will post 1.02 EPS for the current fiscal year.

Analyst Ratings Changes

UBS has been the subject of several recent research reports. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a report on Thursday. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About UBS Group

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.