Bank of New York Mellon Corp Decreases Position in UBS Group AG $UBS

Bank of New York Mellon Corp trimmed its position in UBS Group AG (NYSE:UBS) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,771,740 shares of the bank’s stock after selling 475,473 shares during the period. Bank of New York Mellon Corp owned about 0.24% of UBS Group worth $317,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UBS. Permanent Capital Management LP purchased a new position in shares of UBS Group during the 3rd quarter worth $2,842,000. Massachusetts Financial Services Co. MA lifted its position in UBS Group by 21.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock valued at $3,171,497,000 after buying an additional 13,417,945 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its stake in UBS Group by 5.7% during the third quarter. ASR Vermogensbeheer N.V. now owns 839,193 shares of the bank’s stock worth $34,291,000 after buying an additional 45,095 shares during the period. Thrivent Financial for Lutherans increased its position in shares of UBS Group by 6,413.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,061,842 shares of the bank’s stock valued at $35,813,000 after acquiring an additional 1,045,540 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of UBS Group in the 2nd quarter valued at approximately $898,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBS. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Finally, Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $60.30 in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group News Roundup

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: UBS filed an update to a Swiss legal opinion supporting a U.S. debt and warrant program, which reduces legal/structural uncertainty around the issuance and may ease funding or product execution concerns. UBS AG Updates Swiss Legal Opinion Backing U.S. Debt and Warrant Program
• Neutral Sentiment: UBS posted regulatory “participation notifications” (Brussels filing) — routine disclosure that can reflect share flows or block trades; investors watch these for changes to float or insider/institutional activity but the release itself is procedural. Participation notifications by UBS Group AG
• Neutral Sentiment: UBS is scheduled to report quarterly earnings this week — the timing concentrates attention on revenue from markets, wealth management and capital markets, so positioning ahead of results can push the stock. UBS Group (UBS) to Release Earnings on Wednesday
• Neutral Sentiment: UBS research flagged a major U.S. winter storm will cause “billions” in insured losses — a note that matters to macro and insurance-sector trading flows (and to trading revenues for banks active in derivatives and reinsurance-linked products). Winter storm to cause billions of dollars in insured losses, UBS estimates
• Neutral Sentiment: A senior UBS trader warned that large client dollar-hedging flows could test banks’ capacity to meet demand — highlights potential operational/liquidity stress in FX markets but also implies fee opportunity for large dealers like UBS. Big hedging of dollars for clients could test banks’ capacity, senior UBS trader says

UBS Group Price Performance

Shares of NYSE UBS opened at $48.13 on Friday. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $150.34 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.45 and a beta of 1.12. The stock’s 50-day moving average is $44.57 and its two-hundred day moving average is $41.07. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $49.36.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter last year, the business posted $0.43 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.