Claro Advisors LLC Sells 923 Shares of UBS Group AG (NYSE:UBS)

Claro Advisors LLC lessened its position in UBS Group AG (NYSE:UBS) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,759 shares of the bank’s stock after selling 923 shares during the period. Claro Advisors LLC’s holdings in UBS Group were worth $318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBS. Sage Mountain Advisors LLC lifted its position in UBS Group by 49.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 10,966 shares of the bank’s stock valued at $324,000 after acquiring an additional 3,642 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of UBS Group by 6.7% during the second quarter. Banque Cantonale Vaudoise now owns 7,631,688 shares of the bank’s stock valued at $224,631,000 after buying an additional 476,078 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of UBS Group during the second quarter valued at $104,000. Hantz Financial Services Inc. bought a new stake in UBS Group in the 2nd quarter worth about $2,438,000. Finally, Signaturefd LLC raised its position in UBS Group by 4.7% in the 2nd quarter. Signaturefd LLC now owns 72,636 shares of the bank’s stock worth $2,146,000 after buying an additional 3,281 shares during the last quarter.

UBS Group Stock Performance

UBS stock opened at $30.76 on Tuesday. 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 1 year low of $23.23 and a 1 year high of $32.13. The company has a market cap of $98.63 billion, a P/E ratio of 3.35 and a beta of 1.15. The stock’s fifty day moving average price is $30.13 and its 200-day moving average price is $29.93.

UBS Group (NYSE:UBS) last announced its earnings results 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 business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the firm posted $1.88 earnings per share. On average, equities analysts forecast that UBS Group AG will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

UBS Group 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.