Sax Wealth Advisors LLC Sells 1,582 Shares of UBS Group AG (NYSE:UBS)

Sax Wealth Advisors LLC cut its stake in shares of UBS Group AG (NYSE:UBS) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,261 shares of the bank’s stock after selling 1,582 shares during the period. Sax Wealth Advisors LLC’s holdings in UBS Group were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBS. Rhumbline Advisers increased its position in UBS Group by 3.7% during the second quarter. Rhumbline Advisers now owns 49,403 shares of the bank’s stock valued at $1,459,000 after acquiring an additional 1,760 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of UBS Group by 8.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,009 shares of the bank’s stock valued at $532,000 after purchasing an additional 1,386 shares during the period. XTX Topco Ltd purchased a new stake in shares of UBS Group during the 2nd quarter valued at about $479,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares during the period. Finally, Callan Capital LLC boosted its holdings in shares of UBS Group by 15.4% in the second quarter. Callan Capital LLC now owns 16,455 shares of the bank’s stock worth $486,000 after buying an additional 2,200 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the topic of a number of recent research reports. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group currently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 2.7 %

Shares of UBS Group stock opened at $34.05 on Friday. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $34.11. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $109.17 billion, a P/E ratio of 28.37 and a beta of 1.15. The company has a fifty day moving average of $31.69 and a 200 day moving average of $30.99.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter in the prior year, the company posted ($0.24) earnings per share. On average, sell-side analysts anticipate that UBS Group AG will post 1.53 earnings per share 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.