Massachusetts Wealth Management Decreases Stock Position in UBS Group AG (NYSE:UBS)

Massachusetts Wealth Management cut its holdings in UBS Group AG (NYSE:UBS) by 54.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,080 shares of the bank’s stock after selling 27,483 shares during the quarter. Massachusetts Wealth Management’s holdings in UBS Group were worth $713,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UBS. Mediolanum International Funds Ltd increased its holdings in UBS Group by 5.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 15,083 shares of the bank’s stock worth $469,000 after buying an additional 812 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of UBS Group by 9.6% in the third quarter. Ballentine Partners LLC now owns 33,567 shares of the bank’s stock worth $1,038,000 after acquiring an additional 2,939 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of UBS Group by 15.8% during the third quarter. Assenagon Asset Management S.A. now owns 209,859 shares of the bank’s stock valued at $6,483,000 after purchasing an additional 28,597 shares during the last quarter. Jackson Wealth Management LLC lifted its position in UBS Group by 73.4% during the third quarter. Jackson Wealth Management LLC now owns 151,529 shares of the bank’s stock valued at $4,684,000 after purchasing an additional 64,136 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in UBS Group in the third quarter worth approximately $3,198,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBS. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

UBS Group Stock Performance

UBS traded down $0.16 during trading on Friday, hitting $32.22. The company’s stock had a trading volume of 146,914 shares, compared to its average volume of 2,183,757. The business’s 50 day simple moving average is $30.71 and its 200-day simple moving average is $30.10. The firm has a market cap of $103.31 billion, a PE ratio of 61.14 and a beta of 1.15. UBS Group AG has a one year low of $23.23 and a one year high of $32.88. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07.

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

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.