UBS Group AG (NYSE:UBS) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. lowered its position in UBS Group AG (NYSE:UBS) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,164 shares of the bank’s stock after selling 340 shares during the period. First City Capital Management Inc.’s holdings in UBS Group were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UBS. Bessemer Group Inc. grew its holdings in UBS Group by 4.0% in the first quarter. Bessemer Group Inc. now owns 62,016 shares of the bank’s stock valued at $1,905,000 after purchasing an additional 2,387 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in UBS Group by 23.2% in the 1st quarter. Lake Street Advisors Group LLC now owns 37,665 shares of the bank’s stock valued at $1,157,000 after acquiring an additional 7,085 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in UBS Group by 3.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,019,963 shares of the bank’s stock valued at $62,266,000 after acquiring an additional 60,823 shares in the last quarter. Pitcairn Co. acquired a new position in UBS Group during the first quarter worth about $1,515,000. Finally, LGT Group Foundation lifted its holdings in shares of UBS Group by 763.0% in the first quarter. LGT Group Foundation now owns 2,835,384 shares of the bank’s stock valued at $87,103,000 after purchasing an additional 2,506,817 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

UBS Group Price Performance

UBS stock opened at $31.87 on Tuesday. The firm has a market cap of $102.19 billion, a P/E ratio of 26.56 and a beta of 1.15. The stock has a 50-day simple moving average of $31.30 and a 200-day simple moving average of $30.60. UBS Group AG has a 1 year low of $25.94 and a 1 year high of $33.34. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period in the previous year, the company earned ($0.24) earnings per share. On average, equities analysts predict that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

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.