Ritholtz Wealth Management Has $4.88 Million Stake in UBS Group AG $UBS

Ritholtz Wealth Management trimmed its position in UBS Group AG (NYSE:UBS) by 20.4% during the second quarter, HoldingsChannel.com reports. The firm owned 144,231 shares of the bank’s stock after selling 37,059 shares during the quarter. Ritholtz Wealth Management’s holdings in UBS Group were worth $4,878,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UBS. Wealth Enhancement Advisory Services LLC lifted its stake in UBS Group by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank’s stock valued at $3,810,000 after acquiring an additional 19,229 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of UBS Group by 2,963.0% in the first quarter. GAMMA Investing LLC now owns 25,607 shares of the bank’s stock valued at $836,000 after purchasing an additional 24,771 shares during the last quarter. Crocodile Capital Partners GmbH lifted its position in shares of UBS Group by 74.6% in the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock worth $33,651,000 after purchasing an additional 425,000 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of UBS Group by 8.5% in the first quarter. Bessemer Group Inc. now owns 63,761 shares of the bank’s stock worth $1,954,000 after purchasing an additional 4,984 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in UBS Group by 19.0% during the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank’s stock worth $81,000 after purchasing an additional 423 shares during the last quarter.

UBS Group Trading Down 1.0%

Shares of NYSE:UBS opened at $40.00 on Wednesday. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.56. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $128.25 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. The company has a 50-day simple moving average of $40.41 and a 200 day simple moving average of $35.14.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.77 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

Analysts Set New Price Targets

UBS has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Zacks Research upgraded UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen lowered UBS Group from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, UBS Group 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.