Sax Wealth Advisors LLC Sells 1,582 Shares of UBS Group AG (NYSE:UBS)

Sax Wealth Advisors LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,261 shares of the bank’s stock after selling 1,582 shares during the quarter. Sax Wealth Advisors LLC’s holdings in UBS Group were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of UBS Group by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 49,403 shares of the bank’s stock valued at $1,459,000 after purchasing an additional 1,760 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in UBS Group by 8.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,009 shares of the bank’s stock worth $532,000 after buying an additional 1,386 shares during the period. XTX Topco Ltd bought a new stake in UBS Group during the 2nd quarter valued at approximately $479,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after acquiring an additional 1,416 shares during the period. Finally, Callan Capital LLC raised its position in shares of UBS Group by 15.4% in the 2nd quarter. Callan Capital LLC now owns 16,455 shares of the bank’s stock worth $486,000 after acquiring an additional 2,200 shares in the last quarter.

Analyst Upgrades and Downgrades

UBS has been the topic of several recent research reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 2.7 %

Shares of NYSE:UBS opened at $34.05 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a fifty day simple moving average of $31.69 and a two-hundred day simple moving average of $30.99. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $34.11. The stock has a market capitalization of $109.17 billion, a price-to-earnings ratio of 28.37 and a beta of 1.15.

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 the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the previous year, the firm earned ($0.24) EPS. On average, research analysts anticipate that UBS Group AG will post 1.53 earnings per share for the current fiscal year.

UBS Group 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.