Exane Asset Management Has $37.76 Million Stock Position in UBS Group AG (NYSE:UBS)

Exane Asset Management trimmed its holdings in UBS Group AG (NYSE:UBSGet Rating) by 30.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,339,802 shares of the bank’s stock after selling 1,002,935 shares during the quarter. UBS Group accounts for about 25.2% of Exane Asset Management’s holdings, making the stock its 2nd biggest holding. Exane Asset Management owned approximately 0.07% of UBS Group worth $37,758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. CKW Financial Group bought a new stake in UBS Group during the 1st quarter valued at $53,000. Creative Financial Designs Inc. ADV bought a new stake in UBS Group during the 1st quarter valued at $63,000. Prospera Financial Services Inc bought a new stake in UBS Group during the 1st quarter valued at $64,000. CWM LLC increased its position in UBS Group by 154.9% during the 1st quarter. CWM LLC now owns 4,468 shares of the bank’s stock valued at $87,000 after purchasing an additional 2,715 shares during the period. Finally, Selective Wealth Management Inc. purchased a new position in UBS Group during the 1st quarter valued at $100,000. 33.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UBS shares. JPMorgan Chase & Co. reduced their price objective on shares of UBS Group from CHF 21 to CHF 20 in a research report on Tuesday, July 5th. Credit Suisse Group boosted their price objective on shares of UBS Group from CHF 22 to CHF 22.50 and gave the company an “outperform” rating in a research report on Wednesday, September 14th. Bank of America downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Morgan Stanley reduced their price objective on shares of UBS Group from CHF 20 to CHF 18.50 and set an “equal weight” rating on the stock in a research report on Wednesday, July 27th. Finally, BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating and set a $17.50 price objective on the stock. in a research report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.23.

UBS Group Stock Down 4.4 %

Shares of NYSE:UBS traded down $0.68 during midday trading on Friday, reaching $14.82. The company’s stock had a trading volume of 94,658 shares, compared to its average volume of 2,187,128. The firm has a market capitalization of $51.57 billion, a P/E ratio of 6.65, a PEG ratio of 1.99 and a beta of 1.13. The firm has a 50 day moving average of $16.20 and a 200-day moving average of $17.04. UBS Group AG has a 12-month low of $0.92 and a 12-month high of $21.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.40.

UBS Group (NYSE:UBSGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $8.92 billion during the quarter, compared to the consensus estimate of $9.42 billion. UBS Group had a return on equity of 13.23% and a net margin of 18.85%. On average, research analysts anticipate that UBS Group AG will post 2.1 earnings per share for the current year.

UBS Group Company Profile

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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 to ultra high net worth and high net worth clients.

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

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