UBS Group AG $UBS Stock Sold by Value Partners Investments Inc.

Value Partners Investments Inc. cut its stake in shares of UBS Group AG (NYSE:UBS) by 10.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 213,892 shares of the bank’s stock after selling 25,000 shares during the period. UBS Group comprises 0.7% of Value Partners Investments Inc.’s investment portfolio, making the stock its 28th largest position. Value Partners Investments Inc.’s holdings in UBS Group were worth $10,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased 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% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after acquiring an additional 3,374,516 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of UBS Group by 7.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after acquiring an additional 1,323,586 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of UBS Group by 4.7% during the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after acquiring an additional 336,264 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of UBS Group by 6.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank’s stock valued at $273,109,000 after acquiring an additional 402,440 shares in the last quarter.

UBS Group Trading Down 1.4%

Shares of UBS Group stock traded down $0.69 on Monday, reaching $46.99. The stock had a trading volume of 1,502,731 shares, compared to its average volume of 2,267,618. The business’s 50 day moving average is $51.41 and its two-hundred day moving average is $49.05. UBS Group AG has a 1 year low of $36.29 and a 1 year high of $55.99. The company has a market cap of $146.79 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.21.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities analysts anticipate that UBS Group AG will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBS. Bank of America restated a “buy” rating on shares of UBS Group in a research report on Tuesday, September 1st. Royal Bank Of Canada restated a “buy” rating on shares of UBS Group in a report on Monday, September 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Friday, July 31st. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Finally, DZ Bank restated a “buy” rating on shares of UBS Group in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.