Massachusetts Wealth Management Sells 27,483 Shares of UBS Group AG (NYSE:UBS)

Massachusetts Wealth Management lowered its holdings in shares of UBS Group AG (NYSE:UBS) by 54.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,080 shares of the bank’s stock after selling 27,483 shares during the period. Massachusetts Wealth Management’s holdings in UBS Group were worth $713,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in shares of UBS Group by 82.2% during the first quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the bank’s stock valued at $1,940,000 after buying an additional 28,494 shares during the last quarter. M&G Plc purchased a new stake in UBS Group in the 1st quarter worth $173,678,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of UBS Group by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock valued at $15,246,000 after purchasing an additional 40,911 shares during the last quarter. Norden Group LLC purchased a new position in shares of UBS Group during the first quarter valued at about $806,000. Finally, Toronto Dominion Bank increased its holdings in shares of UBS Group by 286.3% in the second quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after purchasing an additional 201,809 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America assumed coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

UBS Group Trading Down 0.5 %

UBS traded down $0.16 on Friday, hitting $32.22. The company had a trading volume of 146,914 shares, compared to its average volume of 2,183,757. The business’s fifty day simple moving average is $30.71 and its 200 day simple moving average is $30.10. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.88. The company has a market cap of $103.31 billion, a PE ratio of 61.14 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping 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 firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the business earned $1.88 EPS. Equities research analysts expect that UBS Group AG will post 1.69 EPS for the current year.

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.