UBS Group AG $UBS Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of UBS Group AG (NYSE:UBS) by 27.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 302,560 shares of the bank’s stock after selling 115,146 shares during the period. Maryland State Retirement & Pension System’s holdings in UBS Group were worth $10,244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Venturi Wealth Management LLC increased its holdings in shares of UBS Group by 23.0% during the second quarter. Venturi Wealth Management LLC now owns 9,947 shares of the bank’s stock valued at $336,000 after purchasing an additional 1,859 shares during the period. Orca Wealth Management LLC grew its holdings in UBS Group by 1.9% during the second quarter. Orca Wealth Management LLC now owns 61,113 shares of the bank’s stock worth $2,067,000 after acquiring an additional 1,134 shares during the period. AMF Tjanstepension AB grew its holdings in UBS Group by 12.6% during the second quarter. AMF Tjanstepension AB now owns 708,033 shares of the bank’s stock worth $23,953,000 after acquiring an additional 79,163 shares during the period. 111 Capital grew its holdings in UBS Group by 272.3% during the second quarter. 111 Capital now owns 160,693 shares of the bank’s stock worth $5,440,000 after acquiring an additional 117,534 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in UBS Group during the second quarter worth about $65,000.

UBS Group Trading Down 0.6%

NYSE:UBS opened at $40.66 on Thursday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. The stock’s 50-day moving average is $40.18 and its two-hundred day moving average is $34.92. The stock has a market cap of $130.37 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UBS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Wall Street Zen lowered UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Monday. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Finally, Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About UBS Group

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.