UBS Group AG (NYSE:UBS) Position Lowered by Channing Global Advisors LLC

Channing Global Advisors LLC lessened its stake in shares of UBS Group AG (NYSE:UBS) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 532,829 shares of the bank’s stock after selling 26,341 shares during the period. UBS Group accounts for approximately 13.9% of Channing Global Advisors LLC’s portfolio, making the stock its biggest position. Channing Global Advisors LLC’s holdings in UBS Group were worth $16,461,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Legal & General Group Plc raised its holdings in 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 valued at $1,218,317,000 after buying an additional 41,027,134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after buying an additional 3,289,387 shares during the period. Susquehanna International Securities Ltd. raised its holdings in UBS Group by 162.3% in the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after buying an additional 3,103,747 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in 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 buying an additional 1,649,115 shares during the period.

Wall Street Analysts Forecast Growth

UBS has been the subject of several research reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three equities 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 currently has an average rating of “Moderate Buy”.

UBS Group Stock Performance

NYSE UBS opened at $31.34 on Friday. UBS Group AG has a 1-year low of $26.00 and a 1-year high of $33.34. The company has a market cap of $100.49 billion, a P/E ratio of 26.12 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50-day moving average of $31.64 and a two-hundred day moving average of $30.73.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS 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 business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. As a group, analysts anticipate that UBS Group AG will post 1.73 EPS for the current year.

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.