Optas LLC Sells 3,658 Shares of UBS Group AG $UBS

Optas LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 26.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,948 shares of the bank’s stock after selling 3,658 shares during the quarter. Optas LLC’s holdings in UBS Group were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBS. Grove Bank & Trust bought a new position in UBS Group during the first quarter worth about $28,000. Maseco LLP purchased a new stake in shares of UBS Group in the second quarter worth about $28,000. Quarry LP purchased a new stake in shares of UBS Group in the first quarter worth about $37,000. Berbice Capital Management LLC lifted 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 buying an additional 400 shares in the last quarter. Finally, Rakuten Securities Inc. lifted 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 buying an additional 461 shares in the last quarter.

UBS Group Stock Down 1.4%

Shares of NYSE UBS opened at $40.12 on Friday. UBS Group AG has a one year low of $25.75 and a one year high of $42.56. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50 day simple moving average is $40.24 and its two-hundred day simple moving average is $34.96. The stock has a market capitalization of $128.64 billion, a P/E ratio of 21.23, a PEG ratio of 0.67 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The business had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business earned $0.34 earnings per share. As a group, analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded shares of 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 given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, UBS Group currently 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.