SYSTM Wealth Solutions LLC Sells 9,459 Shares of UBS Group AG (NYSE:UBS)

SYSTM Wealth Solutions LLC cut its position in UBS Group AG (NYSE:UBS) by 74.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,206 shares of the bank’s stock after selling 9,459 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in UBS Group were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC boosted its position in shares of UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after acquiring an additional 349 shares during the period. D Orazio & Associates Inc. boosted its holdings in UBS Group by 3.5% in the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after purchasing an additional 381 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of UBS Group by 5.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock worth $258,000 after purchasing an additional 419 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of UBS Group by 11.2% during the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after purchasing an additional 420 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of UBS Group by 2.6% in the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after buying an additional 420 shares in the last quarter.

UBS Group Stock Up 1.7 %

Shares of UBS opened at $30.41 on Friday. The firm has a 50 day simple moving average of $29.95 and a two-hundred day simple moving average of $30.02. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. UBS Group AG has a one year low of $23.23 and a one year high of $32.13. The company has a market cap of $97.51 billion, a P/E ratio of 3.31 and a beta of 1.15.

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

Analysts Set New Price Targets

A number of research firms have commented on UBS. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America started coverage on UBS Group in a research note on Thursday. They issued a “neutral” rating for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.