UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in UBS Group AG (NYSE:UBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of UBS Group AG (NYSE:UBS) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,530,280 shares of the bank’s stock after selling 2,221,275 shares during the quarter. UBS Group accounts for 0.5% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 27th biggest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.29% of UBS Group worth $2,229,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in UBS Group during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in shares of UBS Group during the 4th quarter valued at $30,000. Headlands Technologies LLC purchased a new stake in shares of UBS Group in the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new position in UBS Group in the 4th quarter worth $41,000. Finally, Farther Finance Advisors LLC raised its holdings in UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock worth $68,000 after purchasing an additional 482 shares during the period.

Wall Street Analyst Weigh In

UBS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded UBS Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 17th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. DZ Bank upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

UBS Group Trading Up 2.1%

Shares of UBS opened at $33.73 on Tuesday. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The company’s fifty day moving average is $30.46 and its 200 day moving average is $31.87. The stock has a market capitalization of $108.15 billion, a PE ratio of 22.19 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. Sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

About UBS Group

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.