Raymond James & Associates Reduces Stock Position in UBS Group AG (NYSE:UBS)

Raymond James & Associates lowered its stake in shares of UBS Group AG (NYSE:UBS) by 5.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,506,353 shares of the bank’s stock after selling 86,843 shares during the period. Raymond James & Associates’ holdings in UBS Group were worth $17,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of UBS. Balentine LLC purchased a new stake in shares of UBS Group during the first quarter worth $31,000. HHM Wealth Advisors LLC purchased a new stake in shares of UBS Group during the first quarter worth $60,000. Arden Trust Co purchased a new stake in shares of UBS Group during the first quarter worth $86,000. FDx Advisors Inc. purchased a new stake in shares of UBS Group during the first quarter worth $93,000. Finally, Commerce Bank purchased a new stake in shares of UBS Group during the first quarter worth $102,000. Hedge funds and other institutional investors own 29.77% of the company’s stock.

NYSE UBS opened at $11.68 on Friday. The stock’s 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $11.00. UBS Group AG has a twelve month low of $7.48 and a twelve month high of $13.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 3.24. The company has a market capitalization of $42.97 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.77 and a beta of 1.26.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. UBS Group had a return on equity of 8.12% and a net margin of 15.29%. The business had revenue of $7.68 billion for the quarter. On average, equities analysts expect that UBS Group AG will post 1.2 earnings per share for the current fiscal year.

Several research firms have issued reports on UBS. ValuEngine downgraded UBS Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of UBS Group in a research report on Wednesday, July 8th. Royal Bank of Canada reiterated a “sector perform” rating on shares of UBS Group in a research report on Wednesday, July 22nd. Zacks Investment Research upgraded UBS Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, May 29th. Finally, Oddo Bhf upgraded UBS Group from a “reduce” rating to a “neutral” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.00.

UBS Group Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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