UBS Group AG $UBS Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in UBS Group AG (NYSE:UBS) by 18.0% in the second quarter, Holdings Channel.com reports. The fund owned 65,647 shares of the bank’s stock after selling 14,443 shares during the period. Cetera Investment Advisers’ holdings in UBS Group were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UBS. Prospera Financial Services Inc increased its stake in UBS Group by 1.7% during the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after purchasing an additional 310 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of UBS Group by 4.3% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after buying an additional 347 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock valued at $640,000 after buying an additional 358 shares during the period. Allianz SE grew its position in shares of UBS Group by 3.2% during the 1st quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after buying an additional 380 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its stake in UBS Group by 3.3% during the second quarter. Freedom Investment Management Inc. now owns 11,803 shares of the bank’s stock worth $399,000 after acquiring an additional 382 shares during the period.

Analyst Upgrades and Downgrades

UBS has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. BNP Paribas downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS stock opened at $38.61 on Friday. UBS Group AG has a 12-month low of $25.75 and a 12-month 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 has a market capitalization of $123.78 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The business has a 50 day simple moving average of $39.13 and a 200 day simple moving average of $37.24.

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

About UBS Group

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.