First Republic Investment Management Inc. reduced its stake in shares of UBS Group AG (NYSE:UBS) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,091 shares of the bank’s stock after selling 87,535 shares during the quarter. First Republic Investment Management Inc.’s holdings in UBS Group were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new position in UBS Group during the second quarter worth about $444,000. Fiera Capital Corp acquired a new position in UBS Group during the first quarter worth about $177,000. United Capital Financial Advisers LLC acquired a new position in UBS Group during the first quarter worth about $199,000. Arete Wealth Advisors LLC acquired a new position in UBS Group during the first quarter worth about $199,000. Finally, Koch Industries Inc. acquired a new position in UBS Group during the first quarter worth about $208,000. Institutional investors own 31.92% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine upgraded shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research report on Monday, June 4th. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. UBS Group has a consensus rating of “Hold” and an average target price of $22.00.

UBS stock opened at $15.71 on Wednesday. The company has a market capitalization of $60.20 billion, a PE ratio of 14.68 and a beta of 1.28. UBS Group AG has a 12 month low of $14.89 and a 12 month high of $20.89. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.71.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.41 EPS for the quarter. The business had revenue of $7.70 billion for the quarter. UBS Group had a net margin of 4.08% and a return on equity of 9.45%. equities analysts anticipate that UBS Group AG will post 1.51 EPS for the current fiscal year.

About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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