Independent Advisor Alliance Reduces Stake in UBS Group AG (NYSE:UBS)

Independent Advisor Alliance reduced its stake in UBS Group AG (NYSE:UBS) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,636 shares of the bank’s stock after selling 505 shares during the quarter. Independent Advisor Alliance’s holdings in UBS Group were worth $2,647,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock valued at $8,044,000 after buying an additional 201,809 shares in the last quarter. Legal & General Group Plc grew its holdings in UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of UBS Group by 206.3% in the 1st quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock valued at $1,998,000 after purchasing an additional 43,800 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of UBS Group by 226.8% in the 2nd quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock valued at $825,000 after purchasing an additional 19,382 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of UBS Group by 81.4% in the 3rd quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock valued at $3,446,000 after purchasing an additional 50,041 shares during the last quarter.

UBS Group Stock Performance

Shares of UBS Group stock opened at $32.04 on Tuesday. The business’s fifty day simple moving average is $31.57 and its 200-day simple moving average is $30.72. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $33.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a market cap of $102.73 billion, a PE ratio of 26.70 and a beta of 1.15.

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

Analysts Set New Price Targets

Several brokerages have recently commented on UBS. Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.