Beach Investment Counsel Inc. PA Sells 8,981 Shares of UBS Group AG (NYSE:UBS)

Beach Investment Counsel Inc. PA trimmed its holdings in UBS Group AG (NYSE:UBS) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,775 shares of the bank’s stock after selling 8,981 shares during the period. Beach Investment Counsel Inc. PA’s holdings in UBS Group were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its stake in UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after acquiring an additional 29,367 shares during the period. M.E. Allison & CO. Inc. acquired a new position in UBS Group in the fourth quarter valued at about $354,000. Park Avenue Securities LLC grew its stake in UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after acquiring an additional 6,638 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in UBS Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after acquiring an additional 1,114 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after buying an additional 33,089 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBS shares. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, UBS Group presently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $32.73 on Tuesday. The firm has a market cap of $104.95 billion, a P/E ratio of 27.28 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 1-year low of $26.00 and a 1-year high of $35.84. The business’s 50 day moving average is $32.37 and its 200-day moving average is $31.32.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 4.69% and a net margin of 5.13%. Equities research analysts predict that UBS Group AG will post 1.39 earnings per share for the current 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.