Atria Investments Inc Cuts Stake in UBS Group AG (NYSE:UBS)

Atria Investments Inc reduced its stake in shares of UBS Group AG (NYSE:UBS) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,665 shares of the bank’s stock after selling 9,813 shares during the period. Atria Investments Inc’s holdings in UBS Group were worth $1,844,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in UBS Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after purchasing an additional 5,508,422 shares in the last quarter. Legal & General Group Plc increased its position in UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares in the last quarter. Capital World Investors increased its position in UBS Group by 3.1% during the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in UBS Group by 0.9% in the second quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock valued at $884,759,000 after acquiring an additional 280,696 shares in the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the subject of several recent research reports. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America assumed coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Trading Down 0.2 %

Shares of UBS opened at $31.63 on Friday. UBS Group AG has a 1-year low of $25.26 and a 1-year high of $33.34. The stock has a market capitalization of $101.42 billion, a P/E ratio of 26.36 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The business’s 50-day moving average price is $31.18 and its 200 day moving average price is $30.47.

UBS Group (NYSE:UBS) last posted 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. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period in the previous year, the company earned ($0.24) EPS. Analysts expect that UBS Group AG will post 1.73 earnings per share for the current 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.