1,119,769 UBS Group AG $UBS Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in UBS Group AG (NYSE:UBS) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,800,525 shares of the bank’s stock after selling 1,119,769 shares during the period. Fisher Asset Management LLC’s holdings in UBS Group were worth $3,070,719,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of UBS Group by 43.4% during the third quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after buying an additional 7,180,461 shares in the last quarter. Amundi lifted its stake in shares of UBS Group by 16.9% during the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after buying an additional 3,374,516 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock worth $728,340,000 after acquiring an additional 1,323,586 shares during the last quarter. Ninety One UK Ltd boosted its position in UBS Group by 4.7% during the third quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock worth $360,437,000 after acquiring an additional 336,264 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in UBS Group by 4.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,676,157 shares of the bank’s stock worth $322,236,000 after acquiring an additional 270,903 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a research report on Wednesday, September 23rd. Finally, DZ Bank restated a “buy” rating on shares of UBS Group in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Stock Performance

Shares of UBS stock opened at $48.45 on Friday. The firm has a market capitalization of $151.36 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.73 and a beta of 1.19. UBS Group AG has a one year low of $36.29 and a one year high of $55.99. The company has a 50 day moving average price of $49.22 and a 200 day moving average price of $47.18.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The company had revenue of $13.39 billion during the quarter, compared to analyst estimates of $13.07 billion. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that UBS Group AG will post 3.66 EPS for the current fiscal year.

Latest UBS Group News

Here’s some of the latest news about UBS:

• Neutral Sentiment: UBS AG said it plans to redeem all outstanding securities in ten exchange-traded note series. This is a product-level action, and the announcement did not indicate a material effect on UBS Group’s core business or earnings. UBS Announces Redemption of Ten ETNs
• Neutral Sentiment: Q3 filings showed UBS Group added shares of the ITA and EFV exchange-traded funds. These are reported portfolio holdings, not necessarily a direct investment of UBS’s own capital, so they offer little clear signal about UBS stock. ITA fund update EFV fund update
• Negative Sentiment: A report says CEO Sergio Ermotti’s warning has brought attention to risks from the AI infrastructure buildout. If elevated spending or expectations prove unsustainable, market volatility could weigh on client sentiment and UBS’s wealth-management business; the article details provided do not quantify the potential impact. UBS Group stock faces AI buildout risk after Ermotti warning

UBS Group Company Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world. The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.