UBS Group AG (NYSE:UBS) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY cut its holdings in shares of UBS Group AG (NYSE:UBS) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,135 shares of the bank’s stock after selling 4,092 shares during the period. Metropolitan Life Insurance Co NY’s holdings in UBS Group were worth $2,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in UBS Group by 6.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,726 shares of the bank’s stock worth $483,000 after purchasing an additional 1,412 shares during the last quarter. BlackRock Inc. increased its stake in shares of UBS Group by 6.1% in the first quarter. BlackRock Inc. now owns 2,465,156 shares of the bank’s stock worth $48,169,000 after buying an additional 142,328 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in UBS Group by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,348,771 shares of the bank’s stock valued at $84,975,000 after acquiring an additional 453,906 shares in the last quarter. Sei Investments Co. boosted its stake in UBS Group by 136.0% during the 1st quarter. Sei Investments Co. now owns 293,491 shares of the bank’s stock valued at $5,716,000 after acquiring an additional 169,106 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in UBS Group by 39.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,826 shares of the bank’s stock worth $309,000 after acquiring an additional 4,466 shares in the last quarter. 36.44% of the stock is owned by hedge funds and other institutional investors.

UBS Group Trading Up 0.1 %

Shares of UBS stock opened at $26.21 on Tuesday. UBS Group AG has a fifty-two week low of $17.60 and a fifty-two week high of $26.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $91.21 billion, a P/E ratio of 2.74, a P/E/G ratio of 2.10 and a beta of 1.08. The stock has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $22.62.

UBS Group (NYSE:UBS) last released its earnings results on Monday, November 6th. The bank reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.30). The business had revenue of $19.72 billion for the quarter. UBS Group had a net margin of 52.89% and a return on equity of 11.03%. During the same period in the previous year, the company posted $0.52 earnings per share. On average, sell-side analysts expect that UBS Group AG will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UBS shares. StockNews.com started coverage on shares of UBS Group in a research report on Thursday, October 5th. They set a “hold” rating on the stock. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.86.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.