Parkwood LLC Sells 15,402 Shares of UBS Group AG $UBS

Parkwood LLC lowered its stake in shares of UBS Group AG (NYSE:UBS) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,105 shares of the bank’s stock after selling 15,402 shares during the quarter. Parkwood LLC’s holdings in UBS Group were worth $5,594,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UBS. Dorsey & Whitney Trust CO LLC increased its holdings in shares of UBS Group by 1.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after buying an additional 358 shares during the period. First National Bank of Hutchinson grew its holdings in shares of UBS Group by 3.1% in the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock worth $379,000 after purchasing an additional 367 shares during the last quarter. Allianz SE increased its stake in shares of UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock worth $374,000 after buying an additional 380 shares during the period. Kestra Advisory Services LLC raised its holdings in UBS Group by 0.3% during the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock valued at $4,453,000 after buying an additional 386 shares during the last quarter. Finally, Berbice Capital Management LLC raised its holdings in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after buying an additional 400 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBS. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Wedbush reiterated a “neutral” rating on shares of UBS Group in a research report on Tuesday, May 27th. Morgan Stanley downgraded UBS Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, June 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS stock opened at $40.38 on Friday. The business’s fifty day moving average is $37.89 and its 200 day moving average is $33.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $129.46 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $40.90.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the previous year, the business posted $0.34 EPS. Research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

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.