UBS Group AG $UBS Stock Position Decreased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its position in UBS Group AG (NYSE:UBS) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,488,939 shares of the bank’s stock after selling 50,184 shares during the period. UBS Group accounts for 2.4% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 2nd largest position. Bank Julius Baer & Co. Ltd Zurich owned about 0.14% of UBS Group worth $151,376,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Prudential PLC lifted its holdings in UBS Group by 20.4% in the 2nd quarter. Prudential PLC now owns 360,657 shares of the bank’s stock valued at $12,210,000 after purchasing an additional 61,009 shares in the last quarter. Haven Global Partners LLC grew its holdings in shares of UBS Group by 15.6% during the second quarter. Haven Global Partners LLC now owns 675,824 shares of the bank’s stock worth $22,796,000 after buying an additional 91,152 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of UBS Group by 51.0% in the second quarter. TD Waterhouse Canada Inc. now owns 19,998 shares of the bank’s stock valued at $675,000 after buying an additional 6,755 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of UBS Group in the second quarter valued at about $211,000. Finally, Vanguard Group Inc. lifted its stake in shares of UBS Group by 3.0% in the second quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock worth $4,595,641,000 after buying an additional 3,907,669 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on UBS. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, BNP Paribas lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group has an average rating of “Moderate Buy”.

UBS Group Stock Performance

UBS Group stock opened at $36.82 on Friday. The firm has a 50 day simple moving average of $39.58 and a 200-day simple moving average of $36.94. The stock has a market cap of $118.06 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Profile

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.