UBS Group AG $UBS Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of UBS Group AG (NYSE:UBS) by 18.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,647 shares of the bank’s stock after selling 14,443 shares during the quarter. Cetera Investment Advisers’ holdings in UBS Group were worth $2,220,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in UBS Group by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock valued at $1,153,354,000 after buying an additional 17,676,829 shares in the last quarter. Nuveen LLC purchased a new position in shares of UBS Group in the 1st quarter valued at $348,161,000. Deutsche Bank AG lifted its holdings in shares of UBS Group by 16.1% during the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank’s stock valued at $960,278,000 after acquiring an additional 4,337,005 shares in the last quarter. Vanguard Group Inc. boosted its position in UBS Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank’s stock worth $4,037,467,000 after purchasing an additional 3,562,475 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in UBS Group by 38.6% in the 1st quarter. Russell Investments Group Ltd. now owns 7,802,029 shares of the bank’s stock valued at $237,050,000 after purchasing an additional 2,174,366 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods downgraded UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS opened at $38.61 on Friday. The firm has a market cap of $123.78 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.66 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The business’s 50 day moving average is $39.13 and its two-hundred day moving average is $37.24. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.56.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal 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.