UBS Group AG (NYSE:UBS) Stake Trimmed by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,868 shares of the bank’s stock after selling 13,798 shares during the quarter. Park Avenue Securities LLC’s holdings in UBS Group were worth $1,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBS. Anchor Investment Management LLC purchased a new position in UBS Group during the 4th quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC grew its stake in UBS Group by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after acquiring an additional 512 shares in the last quarter. First Horizon Advisors Inc. grew its stake in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after acquiring an additional 736 shares in the last quarter. Naples Money Management LLC purchased a new position in UBS Group during the 4th quarter valued at about $51,000. Finally, Mather Group LLC. purchased a new position in UBS Group during the 1st quarter valued at about $51,000.

UBS Group Stock Up 1.2 %

UBS opened at $30.60 on Tuesday. The business has a 50 day moving average price of $29.70 and a 200 day moving average price of $29.71. UBS Group AG has a twelve month low of $19.25 and a twelve month high of $32.13. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $98.12 billion, a P/E ratio of 3.33 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $12.05 billion. Research analysts forecast that UBS Group AG will post 0.78 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on UBS shares. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Finally, Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.