Public Employees Retirement System of Ohio Sells 364,273 Shares of UBS Group AG $UBS

Public Employees Retirement System of Ohio trimmed its holdings in UBS Group AG (NYSE:UBS) by 13.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,292,635 shares of the bank’s stock after selling 364,273 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in UBS Group were worth $77,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. City Holding Co. bought a new stake in UBS Group in the 1st quarter valued at $25,000. Grove Bank & Trust acquired a new position in shares of UBS Group during the first quarter valued at about $28,000. Maseco LLP bought a new stake in shares of UBS Group in the second quarter valued at about $28,000. Quarry LP acquired a new stake in UBS Group during the first quarter worth about $37,000. Finally, Berbice Capital Management LLC increased its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after acquiring an additional 400 shares during the period.

UBS Group Stock Down 0.7%

NYSE:UBS opened at $42.08 on Wednesday. The stock’s fifty day moving average price is $39.39 and its two-hundred day moving average price is $34.30. The company has a market cap of $134.91 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 0.72 and a beta of 1.21. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.57. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion during the quarter, compared to the consensus estimate 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 company posted $0.34 earnings per share. On average, analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on UBS shares. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Wedbush reiterated a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Morgan Stanley downgraded shares of UBS Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 18th. Finally, Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.