Brucke Financial Inc. Reduces Stock Position in UBS Group AG $UBS

Brucke Financial Inc. lowered its stake in shares of UBS Group AG (NYSE:UBS) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,866 shares of the bank’s stock after selling 812 shares during the period. Brucke Financial Inc.’s holdings in UBS Group were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UBS. Grove Bank & Trust purchased a new stake in shares of UBS Group during the first quarter worth $28,000. Maseco LLP bought a new position in shares of UBS Group in the second quarter worth $28,000. Quarry LP bought a new position in shares of UBS Group in the first quarter worth $37,000. Berbice Capital Management LLC increased its holdings in shares of 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 purchasing an additional 400 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in shares of 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 purchasing an additional 461 shares during the period.

UBS Group Stock Performance

UBS Group stock opened at $39.72 on Friday. The firm has a fifty day simple moving average of $40.30 and a two-hundred day simple moving average of $35.01. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. The company has a market capitalization of $127.37 billion, a PE ratio of 21.02, a P/E/G ratio of 0.65 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen cut UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.