UBS Group AG (NYSE:UBS) Stock Position Decreased by Fmr LLC

Fmr LLC cut its position in shares of UBS Group AG (NYSE:UBS) by 13.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,924,004 shares of the bank’s stock after selling 6,405,399 shares during the quarter. Fmr LLC owned 1.34% of UBS Group worth $1,322,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Nisa Investment Advisors LLC purchased a new stake in shares of UBS Group in the 2nd quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of 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 period. Ashton Thomas Private Wealth LLC purchased a new position in shares of UBS Group during the second quarter valued at $50,000. Opal Wealth Advisors LLC raised its position in UBS Group by 56.0% during the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after buying an additional 763 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in UBS Group in the 3rd quarter worth about $71,000.

UBS Group Stock Performance

Shares of NYSE UBS opened at $31.19 on Wednesday. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a one year low of $26.00 and a one year high of $33.34. The business’s 50-day moving average price is $31.60 and its two-hundred day moving average price is $30.73. The company has a market capitalization of $100.01 billion, a P/E ratio of 25.99 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm 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 prior year, the company posted ($0.24) earnings per share. Analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBS. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.