UBS Group AG (NYSE:UBS) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in shares of UBS Group AG (NYSE:UBS) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,479 shares of the bank’s stock after selling 12,320 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in UBS Group were worth $8,019,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UBS. Nisa Investment Advisors LLC acquired a new position in shares of UBS Group during the 2nd quarter worth about $41,000. Opal Wealth Advisors LLC purchased a new stake in UBS Group during the first quarter worth approximately $42,000. RFP Financial Group LLC boosted its holdings in UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC increased its stake in UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in UBS Group during the second quarter worth approximately $50,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UBS shares. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a report on Thursday. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, UBS Group presently has an average rating of “Hold”.

UBS Group Stock Performance

Shares of UBS opened at $29.90 on Friday. The company’s 50 day simple moving average is $29.92 and its 200-day simple moving average is $30.03. The firm has a market cap of $95.87 billion, a PE ratio of 3.26 and a beta of 1.15. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.22. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period last year, the firm posted $1.88 EPS. As a group, equities analysts predict that UBS Group AG will post 1.02 EPS for the current year.

About UBS Group

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.