Legacy Capital Group California Inc. Sells 794 Shares of UBS Group AG (NYSE:UBS)

Legacy Capital Group California Inc. cut its position in UBS Group AG (NYSE:UBS) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,537 shares of the bank’s stock after selling 794 shares during the quarter. Legacy Capital Group California Inc.’s holdings in UBS Group were worth $1,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBS. Assenagon Asset Management S.A. boosted its position in UBS Group by 15.8% during the third quarter. Assenagon Asset Management S.A. now owns 209,859 shares of the bank’s stock worth $6,483,000 after purchasing an additional 28,597 shares during the period. Jackson Wealth Management LLC lifted its holdings in shares of UBS Group by 73.4% during the third quarter. Jackson Wealth Management LLC now owns 151,529 shares of the bank’s stock worth $4,684,000 after buying an additional 64,136 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of UBS Group during the third quarter worth $3,198,000. Greenleaf Trust lifted its holdings in shares of UBS Group by 0.9% during the third quarter. Greenleaf Trust now owns 48,471 shares of the bank’s stock worth $1,498,000 after buying an additional 451 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its holdings in shares of UBS Group by 17.2% during the third quarter. Bank Pictet & Cie Europe AG now owns 10,209 shares of the bank’s stock worth $315,000 after buying an additional 1,500 shares in the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $32.41 on Friday. The firm has a market cap of $103.90 billion, a PE ratio of 61.14 and a beta of 1.15. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.88. The firm’s fifty day moving average is $30.71 and its 200-day moving average is $30.10. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same quarter in the previous year, the company earned $1.88 EPS. Sell-side analysts predict that UBS Group AG will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on UBS shares. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.