Highland Capital Management LLC Sells 2,525 Shares of UBS Group AG (NYSE:UBS)

Highland Capital Management LLC reduced its stake in shares of UBS Group AG (NYSE:UBSFree Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,316 shares of the bank’s stock after selling 2,525 shares during the period. Highland Capital Management LLC’s holdings in UBS Group were worth $2,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in UBS Group in the fourth quarter valued at $27,000. Versant Capital Management Inc acquired a new position in shares of UBS Group in the 4th quarter valued at about $40,000. Continuum Advisory LLC lifted its stake in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares during the period. FSC Wealth Advisors LLC bought a new stake in shares of UBS Group during the 3rd quarter valued at about $71,000. Finally, Rosenberg Matthew Hamilton grew its stake in UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Read Our Latest Report on UBS

UBS Group Stock Performance

Shares of UBS Group stock opened at $35.60 on Friday. The company has a market cap of $114.15 billion, a PE ratio of 29.67 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $35.84. The business has a 50 day moving average price of $32.22 and a 200-day moving average price of $31.26.

UBS Group (NYSE:UBSGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period in the prior year, the firm posted ($0.24) EPS. Equities analysts anticipate that UBS Group AG will post 1.62 earnings per share for the current fiscal year.

UBS Group Profile

(Free Report)

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.

Further Reading

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

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