First City Capital Management Inc. Sells 375 Shares of UBS Group AG (NYSE:UBS)

First City Capital Management Inc. cut its stake in shares of UBS Group AG (NYSE:UBS) by 4.8% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Drive Wealth Management LLC boosted its stake in shares of UBS Group by 3.2% during the second 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 in the last quarter. D Orazio & Associates Inc. raised its holdings in 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 during the last quarter. Hexagon Capital Partners LLC boosted its position in UBS Group by 11.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after buying an additional 420 shares during the period. Parallel Advisors LLC grew its holdings in UBS Group by 2.6% during the 2nd 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 last quarter. Finally, Traveka Wealth LLC increased its position in 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 acquiring an additional 435 shares during the period.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

UBS Group Stock Performance

Shares of UBS Group stock opened at $29.90 on Friday. The company has a market cap of $95.87 billion, a P/E ratio of 3.26 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The business has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $30.03. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping 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 return on equity of 2.14% and a net margin of 2.31%. During the same period in the previous year, the company posted $1.88 earnings per share. As a group, analysts anticipate that UBS Group AG will post 1.02 EPS for the current year.

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.