Seven Eight Capital LP Reduces Stock Position in UBS Group AG (NYSE:UBS)

Seven Eight Capital LP reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 36.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,137 shares of the bank’s stock after selling 17,529 shares during the quarter. Seven Eight Capital LP’s holdings in UBS Group were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UBS. Vanguard Personalized Indexing Management LLC grew its holdings in UBS Group by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 147,915 shares of the bank’s stock worth $4,349,000 after acquiring an additional 12,443 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in UBS Group by 4.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 10,511 shares of the bank’s stock worth $311,000 after purchasing an additional 437 shares in the last quarter. Angeles Investment Advisors LLC bought a new stake in UBS Group in the second quarter valued at about $212,000. Oppenheimer Asset Management Inc. raised its stake in UBS Group by 8.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,009 shares of the bank’s stock valued at $532,000 after buying an additional 1,386 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in UBS Group during the 2nd quarter worth approximately $473,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America assumed coverage on UBS Group in a report on Thursday. They issued a “neutral” rating for the company. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UBS Group has a consensus rating of “Hold”.

UBS Group Stock Down 1.6 %

Shares of UBS Group stock opened at $29.90 on Friday. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.13. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 3.26 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The business’s 50 day simple moving average is $29.92 and its 200-day simple moving average is $30.03.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Equities research analysts forecast that UBS Group AG will post 1.02 earnings per share for the current year.

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.