UBS Group AG (NYSE:UBS) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its holdings in UBS Group AG (NYSE:UBS) by 7.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 57,968 shares of the bank’s stock after selling 4,753 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in UBS Group were worth $1,792,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in UBS Group during the 2nd quarter worth $41,000. RFP Financial Group LLC boosted its position in shares of UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after buying an additional 526 shares during the period. Larson Financial Group LLC grew its stake in shares of UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after buying an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in UBS Group during the 2nd quarter worth approximately $50,000.

Wall Street Analyst Weigh In

UBS has been the subject of several recent research reports. Bank of America began coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS opened at $32.10 on Friday. The business has a 50 day moving average price of $30.75 and a two-hundred day moving average price of $30.12. UBS Group AG has a fifty-two week low of $23.23 and a fifty-two week high of $32.88. The firm has a market cap of $102.93 billion, a PE ratio of 3.50 and a beta of 1.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07.

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, topping analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.88 earnings per share. Sell-side analysts expect that UBS Group AG will post 1.69 earnings per share for the current fiscal year.

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.