Financial Advocates Investment Management Sells 394 Shares of UBS Group AG (NYSE:UBS)

Financial Advocates Investment Management cut its position in shares of UBS Group AG (NYSE:UBS) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,204 shares of the bank’s stock after selling 394 shares during the period. Financial Advocates Investment Management’s holdings in UBS Group were worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UBS. Nisa Investment Advisors LLC bought a new position in shares of UBS Group during the 2nd quarter valued at approximately $41,000. RFP Financial Group LLC lifted its position in UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of UBS Group by 5,742.3% in the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after buying an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in UBS Group in the 2nd quarter worth about $50,000.

UBS Group Stock Up 1.4 %

Shares of NYSE UBS opened at $31.11 on Monday. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $30.24. The firm has a market capitalization of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15. UBS Group AG has a 52-week low of $24.07 and a 52-week high of $32.90. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.06 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter in the prior year, the company earned ($0.24) EPS. Sell-side analysts expect that UBS Group AG will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UBS. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, UBS Group presently 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.