UBS Group AG (NYSE:UBS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in UBS Group AG (NYSE:UBS) by 14.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,751,555 shares of the bank’s stock after selling 13,291,573 shares during the quarter. UBS Group accounts for about 0.6% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 22nd biggest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in UBS Group were worth $2,341,481,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group in the 2nd quarter worth approximately $41,000. Benjamin F. Edwards & Company Inc. grew its position in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after buying an additional 1,416 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of UBS Group in the second quarter valued at $50,000. Opal Wealth Advisors LLC lifted its position in shares of UBS Group by 56.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after acquiring an additional 763 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of UBS Group during the 3rd quarter worth $71,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three 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.com, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.5 %

NYSE UBS opened at $31.34 on Thursday. The firm’s 50 day moving average price is $31.62 and its two-hundred day moving average price is $30.73. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $33.34. The stock has a market cap of $100.47 billion, a price-to-earnings ratio of 26.11 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Equities analysts anticipate that UBS Group AG will post 1.73 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.