UBS Group AG (NYSE:UBS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in UBS Group AG (NYSE:UBS) by 44.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 614,091 shares of the bank’s stock after selling 487,700 shares during the period. Renaissance Technologies LLC’s holdings in UBS Group were worth $18,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of UBS. Opal Wealth Advisors LLC acquired a new position in UBS Group in the first quarter valued at about $42,000. Nisa Investment Advisors LLC purchased a new stake in shares of UBS Group in the 2nd quarter valued at approximately $41,000. RFP Financial Group LLC lifted its holdings in shares of UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares during the period. Finally, Mather Group LLC. acquired a new stake in UBS Group in the 1st quarter valued at approximately $51,000.

UBS Group Stock Down 1.6 %

UBS Group stock opened at $29.90 on Friday. The firm has a market capitalization of $95.87 billion, a P/E 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. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.13. The stock’s fifty day simple moving average is $29.92 and its 200-day simple moving average is $30.03.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America started coverage on UBS Group in a report on Thursday. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

UBS Group 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.