Connable Office Inc. Sells 1,307 Shares of UBS Group AG (NYSE:UBS)

Connable Office Inc. trimmed its position in shares of UBS Group AG (NYSE:UBS) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,352 shares of the bank’s stock after selling 1,307 shares during the quarter. Connable Office Inc.’s holdings in UBS Group were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UBS. Norges Bank bought a new stake in UBS Group during the 4th quarter worth approximately $5,004,151,000. Vanguard Group Inc. increased its position in shares of UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after acquiring an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after acquiring an additional 5,508,422 shares during the period. Capital World Investors lifted its position in UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after acquiring an additional 1,147,836 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in UBS Group by 392.8% in the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after purchasing an additional 24,027,505 shares during the period.

Wall Street Analyst Weigh In

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

UBS Group Stock Performance

Shares of UBS opened at $28.76 on Monday. The stock has a market capitalization of $92.22 billion, a price-to-earnings ratio of 3.11 and a beta of 1.15. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.13. The firm has a fifty day simple moving average of $30.11 and a 200 day simple moving average of $29.98. 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 announced its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating 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 company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the company earned $1.88 EPS. Research analysts forecast that UBS Group AG will post 1.02 EPS for the current fiscal 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.