Forsta AP Fonden Decreases Stock Holdings in UBS Group AG (NYSE:UBS)

Forsta AP Fonden cut its stake in UBS Group AG (NYSE:UBS) by 46.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 235,154 shares of the bank’s stock after selling 207,169 shares during the quarter. Forsta AP Fonden’s holdings in UBS Group were worth $7,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Orca Wealth Management LLC purchased a new stake in UBS Group in the 4th quarter valued at $1,826,000. Perigon Wealth Management LLC grew its holdings in shares of UBS Group by 6.8% in the fourth quarter. Perigon Wealth Management LLC now owns 11,907 shares of the bank’s stock valued at $395,000 after purchasing an additional 754 shares during the period. Blue Trust Inc. increased its position in UBS Group by 30.5% during the fourth quarter. Blue Trust Inc. now owns 49,791 shares of the bank’s stock worth $1,539,000 after purchasing an additional 11,638 shares during the last quarter. Berbice Capital Management LLC purchased a new position in UBS Group during the fourth quarter worth about $27,000. Finally, SG Americas Securities LLC acquired a new position in UBS Group in the 4th quarter valued at about $198,000.

UBS Group Stock Down 0.5 %

UBS Group stock opened at $35.42 on Friday. The company has a market capitalization of $113.56 billion, a PE ratio of 29.51 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The firm has a 50 day moving average price of $32.29 and a 200 day moving average price of $31.29.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the previous year, the firm posted ($0.24) earnings per share. Research analysts expect that UBS Group AG will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBS. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

UBS Group 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.