Nisa Investment Advisors LLC Sells 400 Shares of UBS Group AG (NYSE:UBS)

Nisa Investment Advisors LLC reduced its position in shares of UBS Group AG (NYSE:UBS) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the bank’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in UBS Group were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Drive Wealth Management LLC boosted its holdings in UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after acquiring an additional 349 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in UBS Group by 3.5% in the first quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after acquiring an additional 381 shares during the last quarter. Parallel Advisors LLC boosted its holdings in UBS Group by 2.6% in the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after acquiring an additional 420 shares during the last quarter. Traveka Wealth LLC boosted its holdings in UBS Group by 6.2% in the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock valued at $221,000 after acquiring an additional 435 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in UBS Group by 4.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 10,511 shares of the bank’s stock valued at $311,000 after acquiring an additional 437 shares during the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $32.34 on Friday. 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 twelve month low of $24.07 and a twelve month high of $33.34. The stock’s 50 day moving average is $31.01 and its 200-day moving average is $30.35. The firm has a market capitalization of $103.68 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping 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 company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period in the prior year, the firm earned ($0.24) earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America assumed coverage on UBS Group in a research note 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Company 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.