West Family Investments Inc. Sells 2,724 Shares of UBS Group AG $UBS

West Family Investments Inc. trimmed its holdings in UBS Group AG (NYSE:UBS) by 28.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,810 shares of the bank’s stock after selling 2,724 shares during the quarter. West Family Investments Inc.’s holdings in UBS Group were worth $230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Maseco LLP purchased a new stake in shares of UBS Group in the 2nd quarter worth about $28,000. Quarry LP purchased a new stake in UBS Group during the 1st quarter valued at $37,000. Westside Investment Management Inc. lifted its holdings in UBS Group by 535.2% in the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock valued at $38,000 after acquiring an additional 958 shares during the period. Geneos Wealth Management Inc. increased its holdings in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in UBS Group during the second quarter valued at $65,000.

UBS Group Trading Up 1.5%

Shares of UBS stock opened at $38.61 on Monday. The company’s 50-day moving average price is $39.13 and its 200-day moving average price is $37.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $123.78 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.66 and a beta of 1.20. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.