Creative Planning Sells 39,316 Shares of UBS Group AG $UBS

Creative Planning reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,110 shares of the bank’s stock after selling 39,316 shares during the quarter. Creative Planning’s holdings in UBS Group were worth $8,763,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC lifted its position in shares of UBS Group by 7.3% during the first quarter. Lindbrook Capital LLC now owns 12,069 shares of the bank’s stock worth $370,000 after acquiring an additional 822 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of UBS Group by 3.7% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,539,123 shares of the bank’s stock valued at $138,848,000 after purchasing an additional 163,284 shares in the last quarter. First National Bank of Hutchinson raised its stake in shares of UBS Group by 3.1% during the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock valued at $379,000 after purchasing an additional 367 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of UBS Group by 120.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 21,433 shares of the bank’s stock valued at $656,000 after purchasing an additional 11,710 shares during the period. Finally, Journey Strategic Wealth LLC purchased a new stake in UBS Group during the 1st quarter worth about $279,000.

UBS Group Price Performance

UBS Group stock opened at $38.03 on Wednesday. The stock has a market cap of $121.94 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.66 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The business has a 50-day simple moving average of $39.70 and a 200 day simple moving average of $36.93. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The firm had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Finally, BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.