UBS Group AG $UBS Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of UBS Group AG (NYSE:UBS) by 51.3% in the first quarter, Holdings Channel.com reports. The fund owned 56,831 shares of the bank’s stock after buying an additional 19,272 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in UBS Group were worth $2,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UBS. Equitable Trust Co. boosted its stake in shares of UBS Group by 1.9% during the 1st quarter. Equitable Trust Co. now owns 75,009 shares of the bank’s stock worth $2,931,000 after acquiring an additional 1,371 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of UBS Group during the first quarter worth $25,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of UBS Group during the first quarter worth $219,000. PUREfi Wealth LLC boosted its position in shares of UBS Group by 20.5% in the 1st quarter. PUREfi Wealth LLC now owns 8,364 shares of the bank’s stock valued at $327,000 after purchasing an additional 1,424 shares during the period. Finally, Collaborative Fund Advisors LLC purchased a new position in UBS Group in the 1st quarter worth about $252,000.

UBS Group Price Performance

Shares of UBS opened at $53.80 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a market capitalization of $168.05 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 0.81 and a beta of 1.19. The business’s 50-day moving average is $48.53 and its 200-day moving average is $44.86. UBS Group AG has a fifty-two week low of $35.40 and a fifty-two week high of $54.31.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. Equities research analysts expect that UBS Group AG will post 3.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, July 2nd. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.30.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.