Maryland State Retirement & Pension System Sells 38,908 Shares of UBS Group AG $UBS

Maryland State Retirement & Pension System cut its stake in shares of UBS Group AG (NYSE:UBS) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 533,613 shares of the bank’s stock after selling 38,908 shares during the period. Maryland State Retirement & Pension System’s holdings in UBS Group were worth $25,735,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBS. Ritholtz Wealth Management raised its position in shares of UBS Group by 0.7% in the 3rd quarter. Ritholtz Wealth Management now owns 159,302 shares of the bank’s stock worth $7,667,000 after buying an additional 1,083 shares during the period. First Command Advisory Services Inc. boosted its holdings in UBS Group by 141.3% in the third quarter. First Command Advisory Services Inc. now owns 3,892 shares of the bank’s stock valued at $187,000 after acquiring an additional 2,279 shares during the last quarter. Silver Grove Financial Group Inc. acquired a new position in UBS Group in the third quarter valued at $95,000. Inspire Trust Co. N.A. purchased a new stake in UBS Group during the third quarter valued at about $7,171,000. Finally, Lido Advisors LLC purchased a new stake in UBS Group during the third quarter valued at about $530,000.

More UBS Group News

Here’s some of the latest news about UBS:

• Positive Sentiment: A recent investor-focused report highlighted UBS’s $4.8 billion in share repurchases year to date and $55 billion in Global Wealth Management net inflows—supportive indicators for capital returns and client demand. UBS: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: UBS announced a financial-advisor hire in Connecticut. This may add capacity to its wealth-management business, though the article gives no indication of material near-term financial impact. Kelley Hart joins UBS
• Neutral Sentiment: UBS downgraded Carlyle over weak fund returns and risks to Carlyle’s growth targets. The call concerns Carlyle, not UBS’s own results, so it is not a direct UBS stock catalyst. UBS downgrades Carlyle

UBS Group Stock Up 0.4%

UBS Group stock opened at $49.38 on Thursday. UBS Group AG has a 52-week low of $36.29 and a 52-week high of $55.99. The firm has a fifty day moving average of $49.35 and a 200-day moving average of $47.18. The firm has a market capitalization of $154.27 billion, a P/E ratio of 16.30, a PEG ratio of 0.73 and a beta of 1.19.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.06). The business had revenue of $13.39 billion for the quarter, compared to analyst estimates of $13.07 billion. UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, research analysts expect that UBS Group AG will post 3.65 EPS for the current fiscal year.

Analysts Set New Price Targets

UBS has been the subject of several research analyst reports. DZ Bank restated a “buy” rating on shares of UBS Group in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Thursday, October 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a report on Wednesday, September 23rd. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group 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.