Janney Montgomery Scott LLC Lowers Stock Position in UBS Group AG (NYSE:UBS)

Janney Montgomery Scott LLC reduced its holdings in UBS Group AG (NYSE:UBS) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,593 shares of the bank’s stock after selling 2,106 shares during the quarter. Janney Montgomery Scott LLC’s holdings in UBS Group were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in UBS Group by 11,313.2% in the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after acquiring an additional 41,027,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after buying an additional 5,508,422 shares during the period. Acadian Asset Management LLC boosted its position in shares of UBS Group by 72.7% during the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock worth $250,360,000 after buying an additional 3,421,396 shares during the period. Susquehanna International Securities Ltd. lifted its position in UBS Group by 162.3% in the second quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after purchasing an additional 3,103,747 shares during the period. Finally, LGT Group Foundation lifted its position in UBS Group by 763.0% in the first quarter. LGT Group Foundation now owns 2,835,384 shares of the bank’s stock worth $87,103,000 after purchasing an additional 2,506,817 shares during the period.

UBS Group Trading Down 0.2 %

Shares of NYSE:UBS opened at $31.63 on Friday. The stock has a market capitalization of $101.42 billion, a PE ratio of 26.30 and a beta of 1.15. UBS Group AG has a 1 year low of $25.26 and a 1 year high of $33.34. The firm has a fifty day moving average price of $31.18 and a 200 day moving average price of $30.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the company posted ($0.24) earnings per share. Analysts expect that UBS Group AG will post 1.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America began coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.