World Asset Management Inc lowered its stake in shares of UBS Group AG (NYSE:UBS) by 15.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 98,005 shares of the bank’s stock after selling 17,293 shares during the period. World Asset Management Inc’s holdings in UBS Group were worth $1,542,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Lourd Capital LLC purchased a new position in shares of UBS Group during the 3rd quarter worth approximately $172,000. Capital Insight Partners LLC purchased a new position in shares of UBS Group during the 3rd quarter worth approximately $778,000. Northern Trust Corp boosted its position in shares of UBS Group by 1.2% during the 2nd quarter. Northern Trust Corp now owns 4,233,230 shares of the bank’s stock worth $64,938,000 after purchasing an additional 49,685 shares during the period. Bank of New York Mellon Corp boosted its position in shares of UBS Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,021,478 shares of the bank’s stock worth $154,670,000 after purchasing an additional 207,188 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of UBS Group by 2,631.4% during the 2nd quarter. Marshall Wace LLP now owns 655,873 shares of the bank’s stock worth $10,120,000 after purchasing an additional 631,861 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on UBS. Zacks Investment Research cut shares of UBS Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. ValuEngine raised shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research report on Tuesday, September 4th. Finally, Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. UBS Group presently has a consensus rating of “Hold” and an average price target of $22.00.
UBS Group stock opened at $14.27 on Friday. The company has a market cap of $60.63 billion, a price-to-earnings ratio of 13.34 and a beta of 1.28. UBS Group AG has a 52-week low of $14.09 and a 52-week high of $20.89. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.71.
UBS Group (NYSE:UBS) last released its earnings results on Monday, July 23rd. The bank reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $7.70 billion for the quarter. UBS Group had a net margin of 4.08% and a return on equity of 9.45%. Equities analysts expect that UBS Group AG will post 1.51 earnings per share for the current fiscal year.
UBS Group Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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