Royal London Asset Management Ltd. Sells 7,650 Shares of UBS Group AG (NYSE:UBS)

Royal London Asset Management Ltd. reduced its holdings in shares of UBS Group AG (NYSE:UBSFree Report) by 0.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,840,179 shares of the bank’s stock after selling 7,650 shares during the period. Royal London Asset Management Ltd.’s holdings in UBS Group were worth $211,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBS. Anchor Investment Management LLC bought a new position in shares of UBS Group in the fourth quarter valued at $28,000. Cary Street Partners Investment Advisory LLC raised its stake in UBS Group by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after buying an additional 512 shares during the period. First Horizon Advisors Inc. lifted its holdings in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after purchasing an additional 736 shares during the last quarter. Naples Money Management LLC bought a new position in shares of UBS Group in the fourth quarter valued at about $51,000. Finally, Global Retirement Partners LLC lifted its stake in shares of UBS Group by 24.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock worth $61,000 after buying an additional 402 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. Finally, BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Get Our Latest Stock Analysis on UBS

UBS Group Price Performance

Shares of NYSE UBS traded down $0.02 during mid-day trading on Friday, reaching $30.40. The company had a trading volume of 1,583,768 shares, compared to its average volume of 1,568,840. The business’s 50-day simple moving average is $29.54 and its 200 day simple moving average is $29.58. UBS Group AG has a one year low of $19.25 and a one year high of $32.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00.

UBS Group (NYSE:UBSGet Free Report) last released its earnings results on Tuesday, May 7th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.23 by $0.29. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. The firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. As a group, sell-side analysts forecast that UBS Group AG will post 0.78 EPS for the current fiscal year.

About UBS Group

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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