Moran Wealth Management LLC Trims Position in UBS Group AG (NYSE:UBS)

Moran Wealth Management LLC trimmed its stake in UBS Group AG (NYSE:UBS) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 500,407 shares of the bank’s stock after selling 352 shares during the period. Moran Wealth Management LLC’s holdings in UBS Group were worth $15,468,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in UBS Group during the 2nd quarter worth $41,000. Benjamin F. Edwards & Company Inc. grew its stake in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in UBS Group in the second quarter worth about $50,000. Opal Wealth Advisors LLC lifted its position in shares of UBS Group by 56.0% during the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after buying an additional 763 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of UBS Group in the 3rd quarter worth approximately $71,000.

UBS Group Stock Performance

UBS traded down $0.21 during trading on Wednesday, reaching $31.64. 104,492 shares of the company’s stock were exchanged, compared to its average volume of 2,132,738. The stock has a market capitalization of $101.45 billion, a P/E ratio of 26.54 and a beta of 1.15. UBS Group AG has a 1 year low of $25.94 and a 1 year high of $33.34. The company’s fifty day simple moving average is $31.37 and its 200-day simple moving average is $30.63. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UBS shares. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy”.

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.