Cambridge Investment Research Advisors Inc. Lowers Position in UBS Group AG (NYSE:UBS)

Cambridge Investment Research Advisors Inc. trimmed its holdings in UBS Group AG (NYSE:UBS) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,539 shares of the bank’s stock after selling 768 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in UBS Group were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of UBS Group in the fourth quarter valued at about $5,594,066,000. Vanguard Group Inc. lifted its position in shares of UBS Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank’s stock valued at $3,915,512,000 after acquiring an additional 1,296,428 shares in the last quarter. FMR LLC lifted its position in shares of UBS Group by 29.4% in the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock valued at $1,695,087,000 after acquiring an additional 12,609,616 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock valued at $1,070,335,000 after acquiring an additional 5,555,624 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock valued at $858,359,000 after acquiring an additional 17,525,749 shares in the last quarter.

UBS Group Trading Up 2.9%

Shares of NYSE UBS opened at $35.16 on Wednesday. The business’s 50 day moving average is $32.33 and its two-hundred day moving average is $32.06. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The stock has a market capitalization of $112.74 billion, a P/E ratio of 23.28, a PEG ratio of 0.89 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $10.19 billion. As a group, research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

UBS has been the topic of several research analyst reports. Morgan Stanley downgraded UBS Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 18th. DZ Bank raised UBS Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a report on Wednesday, May 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

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.