SOL Capital Management CO Reduces Position in UBS Group AG (NYSE:UBS)

by · The Cerbat Gem

SOL Capital Management CO trimmed its holdings in UBS Group AG (NYSE:UBS – Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,080 shares of the bank’s stock after selling 750 shares during the period. SOL Capital Management CO’s holdings in UBS Group were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perigon Wealth Management LLC grew its stake in UBS Group by 5.1% during the 1st quarter. Perigon Wealth Management LLC now owns 12,509 shares of the bank’s stock valued at $383,000 after acquiring an additional 602 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of UBS Group by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 8,144 shares of the bank’s stock valued at $249,000 after purchasing an additional 4,072 shares in the last quarter. Bessemer Group Inc. grew its position in shares of UBS Group by 8.5% in the first quarter. Bessemer Group Inc. now owns 63,761 shares of the bank’s stock valued at $1,954,000 after purchasing an additional 4,984 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of UBS Group in the first quarter valued at approximately $1,959,000. Finally, Channing Global Advisors LLC increased its holdings in shares of UBS Group by 13.9% in the first quarter. Channing Global Advisors LLC now owns 745,768 shares of the bank’s stock valued at $22,655,000 after purchasing an additional 91,103 shares during the last quarter.

UBS Group Stock Up 2.6%

Shares of UBS opened at $33.08 on Friday. The company’s 50-day moving average price is $31.51 and its 200 day moving average price is $31.88. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $35.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72. The firm has a market cap of $106.08 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16.

UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. On average, sell-side analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBS. Wedbush reissued a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Monday, May 12th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 17th. Jefferies Financial Group raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley cut shares of UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Report on UBS Group

About UBS Group

(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.

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