Credit Capital Investments LLC Sells 4,000 Shares of UBS Group AG (NYSE:UBS)

Credit Capital Investments LLC decreased its position in shares of UBS Group AG (NYSE:UBS) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,000 shares of the bank’s stock after selling 4,000 shares during the quarter. UBS Group makes up 1.8% of Credit Capital Investments LLC’s holdings, making the stock its 14th largest holding. Credit Capital Investments LLC’s holdings in UBS Group were worth $1,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of UBS Group by 5.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 19,054 shares of the bank’s stock worth $589,000 after buying an additional 1,045 shares in the last quarter. MQS Management LLC bought a new position in shares of UBS Group during the 3rd quarter worth $267,000. Venturi Wealth Management LLC grew its position in shares of UBS Group by 88.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 7,730 shares of the bank’s stock worth $239,000 after buying an additional 3,634 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of UBS Group by 37.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 255,672 shares of the bank’s stock worth $7,903,000 after buying an additional 69,592 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its position in shares of UBS Group by 0.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 512,165 shares of the bank’s stock worth $15,831,000 after buying an additional 3,278 shares in the last quarter.

UBS Group Stock Performance

UBS stock traded down $0.59 during trading on Wednesday, hitting $31.47. 477,717 shares of the company traded hands, compared to its average volume of 2,154,335. The stock’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $30.46. 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 company has a market cap of $100.91 billion, a PE ratio of 26.71 and a beta of 1.15. UBS Group AG has a 1 year low of $24.38 and a 1 year high of $33.34.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 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 for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the prior year, the company posted ($0.24) EPS. On average, equities analysts expect that UBS Group AG will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UBS shares. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America started coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.