UBS Group AG (NYSE:UBS) Short Interest Down 19.9% in August

UBS Group AG (NYSE:UBS) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 14,230,000 shares, a drop of 19.9% from the August 15th total of 17,760,000 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 2,730,000 shares, the days-to-cover ratio is currently 5.2 days.

Several hedge funds have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of UBS Group by 6.7% during the second quarter. Fifth Third Bancorp now owns 16,366 shares of the bank’s stock worth $189,000 after buying an additional 1,021 shares during the last quarter. AE Wealth Management LLC increased its position in shares of UBS Group by 7.1% during the second quarter. AE Wealth Management LLC now owns 16,939 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,118 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of UBS Group by 10.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,212 shares of the bank’s stock valued at $141,000 after purchasing an additional 1,138 shares during the period. Blume Capital Management Inc. increased its position in shares of UBS Group by 9.4% during the second quarter. Blume Capital Management Inc. now owns 14,000 shares of the bank’s stock valued at $162,000 after purchasing an additional 1,200 shares during the period. Finally, Csenge Advisory Group increased its position in shares of UBS Group by 8.4% during the second quarter. Csenge Advisory Group now owns 20,030 shares of the bank’s stock valued at $231,000 after purchasing an additional 1,547 shares during the period. Institutional investors own 29.77% of the company’s stock.

UBS traded up $0.06 on Wednesday, hitting $12.35. The company had a trading volume of 1,884,929 shares, compared to its average volume of 3,690,001. The company’s fifty day moving average price is $12.18 and its 200 day moving average price is $10.86. UBS Group has a 1-year low of $7.48 and a 1-year high of $13.49. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $45.20 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22.

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, July 21st. The bank reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. UBS Group had a return on equity of 8.12% and a net margin of 15.29%. The firm had revenue of $7.68 billion during the quarter. On average, sell-side analysts forecast that UBS Group will post 1.2 EPS for the current year.

A number of equities analysts recently weighed in on UBS shares. Oddo Bhf raised UBS Group from a “reduce” rating to a “neutral” rating in a research note on Thursday, July 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of UBS Group in a research note on Wednesday, July 22nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of UBS Group in a research note on Friday, July 24th. DZ Bank raised UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of UBS Group in a research note on Wednesday, July 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.00.

UBS Group Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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