HighTower Advisors LLC Reduces Stock Position in UBS Group AG (NYSE:UBS)

HighTower Advisors LLC lowered its stake in shares of UBS Group AG (NYSE:UBS) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,547 shares of the bank’s stock after selling 7,227 shares during the period. HighTower Advisors LLC’s holdings in UBS Group were worth $3,997,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Hilltop Holdings Inc. raised its position in shares of UBS Group by 30.5% in the third quarter. Hilltop Holdings Inc. now owns 10,428 shares of the bank’s stock worth $321,000 after buying an additional 2,435 shares in the last quarter. Timber Creek Capital Management LLC raised its position in shares of UBS Group by 36.9% in the third quarter. Timber Creek Capital Management LLC now owns 117,302 shares of the bank’s stock worth $3,626,000 after buying an additional 31,643 shares in the last quarter. ARGA Investment Management LP raised its position in shares of UBS Group by 5.7% in the third quarter. ARGA Investment Management LP now owns 6,892,162 shares of the bank’s stock worth $212,245,000 after buying an additional 372,258 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of UBS Group by 11.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,751,869 shares of the bank’s stock worth $54,121,000 after buying an additional 181,219 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in shares of UBS Group by 58.6% in the third quarter. Verition Fund Management LLC now owns 31,214 shares of the bank’s stock worth $965,000 after buying an additional 11,531 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UBS. Bank of America started coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

UBS Group Stock Up 1.5 %

UBS opened at $32.18 on Thursday. The stock has a market cap of $103.18 billion, a PE ratio of 26.82 and a beta of 1.14. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $33.34. The business’s fifty day simple moving average is $31.94 and its 200 day simple moving average is $30.86.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. As a group, research analysts expect that UBS Group AG will post 1.73 earnings per share 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.