Envestnet Asset Management Inc. Cuts Holdings in UBS Group AG (NYSE:UBS)

Envestnet Asset Management Inc. decreased its position in UBS Group AG (NYSE:UBS) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,767,391 shares of the bank’s stock after selling 65,936 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of UBS Group worth $52,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBS. BNP Paribas Financial Markets increased its holdings in UBS Group by 25.6% in the fourth quarter. BNP Paribas Financial Markets now owns 50,414 shares of the bank’s stock valued at $1,558,000 after buying an additional 10,285 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of UBS Group by 5.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,509 shares of the bank’s stock valued at $757,000 after purchasing an additional 1,354 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of UBS Group in the fourth quarter valued at about $289,000. PNC Financial Services Group Inc. grew its position in shares of UBS Group by 68.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 116,238 shares of the bank’s stock valued at $3,592,000 after purchasing an additional 47,287 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of UBS Group in the fourth quarter valued at about $403,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, UBS Group has an average rating of “Hold”.

UBS Group Stock Performance

UBS opened at $29.91 on Thursday. The firm has a market capitalization of $95.90 billion, a PE ratio of 3.26 and a beta of 1.15. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.13. The firm’s 50-day moving average price is $29.96 and its 200 day moving average price is $30.02. 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 posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.88 earnings per share. As a group, sell-side analysts expect that UBS Group AG will post 1.02 EPS for the current fiscal 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.