First Hawaiian Bank Lowers Position in UBS Group AG (NYSE:UBS)

First Hawaiian Bank trimmed its holdings in shares of UBS Group AG (NYSE:UBS) by 24.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,719 shares of the bank’s stock after selling 10,550 shares during the quarter. First Hawaiian Bank’s holdings in UBS Group were worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new position in shares of UBS Group during the fourth quarter worth about $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after buying an additional 512 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after buying an additional 736 shares in the last quarter. Naples Money Management LLC bought a new stake in shares of UBS Group during the 4th quarter worth $51,000. Finally, Global Retirement Partners LLC grew its position in UBS Group by 24.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock worth $61,000 after acquiring an additional 402 shares in the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $31.20 on Friday. UBS Group AG has a 12-month low of $19.25 and a 12-month high of $32.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. The stock’s 50-day moving average price is $29.62 and its 200-day moving average price is $29.65.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The business had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. Sell-side analysts expect that UBS Group AG will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Finally, BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

UBS Group Company 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.