Centennial Bank AR Lowers Holdings in UBS Group AG (NYSE:UBS)

Centennial Bank AR decreased its stake in shares of UBS Group AG (NYSE:UBS) by 6.5% in the third quarter, Holdings Channel reports. The institutional investor owned 31,339 shares of the bank’s stock after selling 2,189 shares during the quarter. Centennial Bank AR’s holdings in UBS Group were worth $969,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UBS. Vanguard Group Inc. increased its holdings in shares of UBS Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 in the last quarter. Legal & General Group Plc increased its holdings in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares in the last quarter. Capital World Investors increased its holdings in shares of UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings 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 worth $884,759,000 after purchasing an additional 280,696 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS opened at $31.11 on Monday. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.06. UBS Group AG has a one year low of $24.07 and a one year high of $32.90. The firm has a market capitalization of $99.75 billion, a P/E ratio of 25.93 and a beta of 1.15. The business has a fifty day moving average of $30.88 and a 200 day moving average of $30.24.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. As a group, sell-side analysts anticipate that UBS Group AG will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBS. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

UBS Group 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.