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

Dakota Wealth Management trimmed its stake in shares of UBS Group AG (NYSE:UBS) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,209 shares of the bank’s stock after selling 361 shares during the period. Dakota Wealth Management’s holdings in UBS Group were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Atomi Financial Group Inc. increased its position in UBS Group by 22.6% in the fourth quarter. Atomi Financial Group Inc. now owns 36,260 shares of the bank’s stock worth $1,099,000 after buying an additional 6,673 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of UBS Group by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 259,679 shares of the bank’s stock worth $7,873,000 after acquiring an additional 4,007 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its position in UBS Group by 4.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 55,397 shares of the bank’s stock valued at $1,680,000 after purchasing an additional 2,177 shares during the last quarter. Ballentine Partners LLC boosted its stake in UBS Group by 11.1% during the 4th quarter. Ballentine Partners LLC now owns 37,309 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 3,742 shares during the period. Finally, Zhang Financial LLC grew its position in UBS Group by 16.1% in the 4th quarter. Zhang Financial LLC now owns 40,211 shares of the bank’s stock worth $1,219,000 after purchasing an additional 5,571 shares during the last quarter.

UBS Group Trading Up 1.1 %

UBS Group stock opened at $35.39 on Friday. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $35.42. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $113.49 billion, a PE ratio of 29.50 and a beta of 1.15. The firm has a 50 day simple moving average of $31.99 and a 200-day simple moving average of $31.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) 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 firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the company posted ($0.24) EPS. As a group, equities research analysts expect that UBS Group AG will post 1.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.