UBS Group AG (NYSE:UBS) Shares Sold by Massachusetts Wealth Management

Massachusetts Wealth Management trimmed its stake in shares of UBS Group AG (NYSE:UBS) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,080 shares of the bank’s stock after selling 2,000 shares during the period. Massachusetts Wealth Management’s holdings in UBS Group were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new stake in UBS Group during the fourth quarter worth approximately $27,000. Versant Capital Management Inc acquired a new position in shares of UBS Group during the 4th quarter valued at $40,000. Continuum Advisory LLC raised its stake in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after buying an additional 450 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of UBS Group in the third quarter valued at $71,000. Finally, Rosenberg Matthew Hamilton boosted its stake in UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after buying an additional 355 shares in the last quarter.

Analyst Ratings Changes

UBS has been the topic of several research reports. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

UBS stock opened at $32.43 on Wednesday. UBS Group AG has a one year low of $26.00 and a one year high of $35.84. The firm has a 50-day moving average of $32.45 and a two-hundred day moving average of $31.36. The firm has a market capitalization of $103.99 billion, a PE ratio of 27.03 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same quarter last year, the company posted ($0.09) EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that UBS Group AG will post 1.39 earnings per share for the current 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.