Fmr LLC Has $1.32 Billion Stake in UBS Group AG (NYSE:UBS)

Fmr LLC reduced its stake in UBS Group AG (NYSE:UBS) by 13.0% in the 3rd quarter, Holdings Channel reports. The firm owned 42,924,004 shares of the bank’s stock after selling 6,405,399 shares during the period. Fmr LLC’s holdings in UBS Group were worth $1,322,588,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Commerce Bank raised its position in shares of UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after purchasing an additional 346 shares during the period. Drive Wealth Management LLC raised its holdings in UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after acquiring an additional 349 shares during the period. Rosenberg Matthew Hamilton lifted its position in UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after acquiring an additional 355 shares during the last quarter. Parallel Advisors LLC grew its position in shares of UBS Group by 2.6% in the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after purchasing an additional 420 shares during the last quarter. Finally, Traveka Wealth LLC increased its stake in shares of UBS Group by 6.2% in the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares during the period.

UBS Group Stock Down 2.7 %

NYSE UBS opened at $31.19 on Wednesday. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $33.34. The stock has a market cap of $100.01 billion, a PE ratio of 25.99 and a beta of 1.15. The firm has a 50-day simple moving average of $31.60 and a 200 day simple moving average of $30.73. 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 (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter last year, the company earned ($0.24) EPS. On average, research analysts forecast that UBS Group AG will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UBS shares. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Profile

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.