UBS Group AG (NYSE:UBS) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its stake in UBS Group AG (NYSE:UBS) by 1.7% during the third quarter, Holdings Channel.com reports. The fund owned 34,228 shares of the bank’s stock after selling 594 shares during the period. Sequoia Financial Advisors LLC’s holdings in UBS Group were worth $1,058,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UBS. Drive Wealth Management LLC grew its holdings in UBS Group by 3.2% during the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after acquiring an additional 349 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of UBS Group by 3.5% in the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after buying an additional 381 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of UBS Group by 11.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after buying an additional 420 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of UBS Group by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after buying an additional 420 shares in the last quarter. Finally, Traveka Wealth LLC boosted its holdings 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 buying an additional 435 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS opened at $32.10 on Friday. The company has a 50-day simple moving average of $30.75 and a 200-day simple moving average of $30.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $102.93 billion, a PE ratio of 3.50 and a beta of 1.15. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.88.

UBS Group (NYSE:UBS) last announced 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. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same quarter last year, the firm posted $1.88 EPS. Equities research analysts predict that UBS Group AG will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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