UBS Group AG (NYSE:UBS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in UBS Group AG (NYSE:UBS) by 96.4% in the first quarter, HoldingsChannel.com reports. The firm owned 127,579 shares of the bank’s stock after selling 3,450,613 shares during the period. National Bank of Canada FI’s holdings in UBS Group were worth $3,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in UBS. City Holding Co. bought a new stake in UBS Group in the first quarter worth about $25,000. Grove Bank & Trust bought a new stake in UBS Group in the first quarter worth about $28,000. Berbice Capital Management LLC raised its position in UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Rakuten Securities Inc. raised its position in UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank’s stock worth $45,000 after acquiring an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank’s stock worth $61,000 after acquiring an additional 477 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UBS shares. Keefe, Bruyette & Woods raised UBS Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research note on Wednesday, May 21st. Morgan Stanley cut UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, DZ Bank raised UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Trading Up 0.5%

NYSE:UBS opened at $39.87 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $39.87. The stock’s 50-day moving average is $35.33 and its two-hundred day moving average is $33.01. The stock has a market cap of $127.82 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, equities research analysts forecast that UBS Group AG will post 1.9 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.