UBS Group AG (NYSE:UBS) Sees Significant Decline in Short Interest

UBS Group AG (NYSE:UBS) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 6,850,000 shares, a decrease of 28.0% from the October 15th total of 9,510,000 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of UBS Group

A number of large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in UBS Group in the second quarter valued at approximately $41,000. RFP Financial Group LLC raised its position in shares of UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after buying an additional 526 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in UBS Group during the 2nd quarter valued at about $50,000. Finally, Opal Wealth Advisors LLC grew its stake in shares of UBS Group by 56.0% in the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock worth $63,000 after acquiring an additional 763 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UBS shares. 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 started coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UBS Group has an average rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of NYSE:UBS traded up $0.06 during mid-day trading on Thursday, reaching $31.69. 1,241,583 shares of the company traded hands, compared to its average volume of 2,155,490. UBS Group has a 52 week low of $25.24 and a 52 week high of $33.34. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $101.60 billion, a PE ratio of 26.48 and a beta of 1.15. The company’s 50 day moving average price is $31.14 and its 200-day moving average price is $30.47.

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

UBS Group Company 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.