Oppenheimer & Co. Inc. Has $302,000 Holdings in UBS Group AG (NYSE:UBS)

Oppenheimer & Co. Inc. decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 86.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,779 shares of the bank’s stock after selling 63,322 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in UBS Group were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after purchasing an additional 5,508,422 shares during the last quarter. Legal & General Group Plc grew its position in shares of UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after buying an additional 41,027,134 shares during the period. Pzena Investment Management LLC increased its stake in shares of UBS Group by 0.9% in the 2nd quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock valued at $884,759,000 after acquiring an additional 280,696 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of UBS Group by 20.3% in the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after acquiring an additional 1,649,115 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of UBS Group by 10.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,630,819 shares of the bank’s stock valued at $254,045,000 after acquiring an additional 843,903 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on UBS. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. 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 MarketBeat, the stock has an average rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS opened at $31.74 on Friday. The firm’s 50 day moving average price is $31.48 and its two-hundred day moving average price is $30.64. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a twelve month low of $25.98 and a twelve month high of $33.34. The firm has a market cap of $101.77 billion, a P/E ratio of 26.45 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced 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 net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period in the prior year, the business earned ($0.24) EPS. On average, analysts forecast that UBS Group AG will post 1.73 EPS for the current fiscal year.

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.