UBS Group AG $UBS Stock Position Trimmed by Value Partners Investments Inc.

by · The Cerbat Gem

Value Partners Investments Inc. trimmed its position in shares of UBS Group AG (NYSE:UBS – Free Report) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 240,090 shares of the bank’s stock after selling 19,766 shares during the period. UBS Group accounts for approximately 0.8% of Value Partners Investments Inc.’s holdings, making the stock its 22nd biggest position. Value Partners Investments Inc.’s holdings in UBS Group were worth $9,839,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of UBS Group by 15.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 300,414 shares of the bank’s stock valued at $9,202,000 after acquiring an additional 41,088 shares during the period. Ameriprise Financial Inc. increased its position in shares of UBS Group by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 3,027,712 shares of the bank’s stock valued at $92,733,000 after purchasing an additional 8,342 shares during the period. Kestra Advisory Services LLC increased its position in shares of UBS Group by 0.3% during the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock valued at $4,453,000 after purchasing an additional 386 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in UBS Group by 32.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 54,410 shares of the bank’s stock worth $1,667,000 after acquiring an additional 13,370 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in UBS Group by 28.9% in the first quarter. Smartleaf Asset Management LLC now owns 12,468 shares of the bank’s stock worth $393,000 after acquiring an additional 2,796 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on UBS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Zacks Research raised UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $60.30 in a research report on Tuesday, December 16th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.30.

View Our Latest Stock Report on UBS

UBS Group Trading Up 1.0%

Shares of NYSE:UBS opened at $46.88 on Wednesday. The firm has a fifty day moving average of $39.71 and a two-hundred day moving average of $38.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $46.95. The firm has a market capitalization of $150.30 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13.

UBS Group (NYSE:UBS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period last year, the company earned $0.43 earnings per share. UBS Group’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Company Profile

(Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

Featured Stories

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS – Free Report).