UBS Group AG (NYSE:UBS) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its stake in UBS Group AG (NYSE:UBS) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,349,711 shares of the bank’s stock after selling 255,368 shares during the quarter. Allianz Asset Management GmbH owned 0.58% of UBS Group worth $327,218,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of UBS Group by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 134,610,772 shares of the bank’s stock valued at $2,064,929,000 after purchasing an additional 3,117,157 shares during the period. Dodge & Cox grew its holdings in UBS Group by 0.3% in the second quarter. Dodge & Cox now owns 89,564,542 shares of the bank’s stock valued at $1,370,693,000 after purchasing an additional 248,900 shares during the last quarter. Deutsche Bank AG grew its holdings in UBS Group by 21.4% in the second quarter. Deutsche Bank AG now owns 27,843,246 shares of the bank’s stock valued at $427,115,000 after purchasing an additional 4,916,233 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in UBS Group by 24.6% in the third quarter. Vontobel Holding Ltd. now owns 25,076,910 shares of the bank’s stock valued at $403,754,000 after purchasing an additional 4,956,828 shares during the last quarter. Finally, Amundi acquired a new stake in UBS Group in the second quarter valued at $226,543,000. Institutional investors and hedge funds own 33.25% of the company’s stock.

Several research firms recently weighed in on UBS. Credit Suisse Group reiterated an “outperform” rating on shares of UBS Group in a research report on Wednesday, October 27th. Zacks Investment Research lowered UBS Group from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Friday, December 31st. Barclays reiterated an “underweight” rating on shares of UBS Group in a research note on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday, December 1st. Finally, Keefe, Bruyette & Woods raised UBS Group from a “market perform” rating to an “outperform” rating in a report on Thursday, January 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.56.

Shares of UBS opened at $19.62 on Friday. UBS Group AG has a 12-month low of $14.32 and a 12-month high of $19.78. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.39. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.71 and a beta of 1.19. The stock’s 50-day moving average price is $18.04 and its 200 day moving average price is $17.03.

UBS Group (NYSE:UBS) last announced its earnings results on Sunday, October 24th. The bank reported $0.63 EPS for the quarter, topping the consensus estimate of $0.43 by $0.20. The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $7.96 billion. UBS Group had a return on equity of 13.15% and a net margin of 22.02%. UBS Group’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Equities research analysts expect that UBS Group AG will post 1.94 EPS for the current year.

About UBS Group

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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