UBS Group AG (NYSE:UBS) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in UBS Group AG (NYSE:UBS) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 85,636 shares of the bank’s stock after selling 505 shares during the quarter. Independent Advisor Alliance’s holdings in UBS Group were worth $2,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares during the period. Legal & General Group Plc boosted its stake in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares during the period. Pzena Investment Management LLC boosted its stake in shares of UBS Group by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after buying an additional 851,231 shares during the period. Acadian Asset Management LLC boosted its stake in shares of UBS Group by 20.3% in the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after buying an additional 1,649,115 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of UBS Group by 10.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,630,819 shares of the bank’s stock valued at $254,045,000 after buying an additional 843,903 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBS. Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $32.04 on Tuesday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34. The firm has a market capitalization of $102.73 billion, a PE ratio of 26.70 and a beta of 1.15. The stock’s 50-day simple moving average is $31.57 and its 200-day simple moving average is $30.72.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter last year, the company earned ($0.24) EPS. As a group, equities research analysts forecast that UBS Group AG will post 1.73 EPS 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.