UBS Group AG (NYSE:UBS) Stock Holdings Lessened by Banco Santander S.A.

Banco Santander S.A. cut its stake in shares of UBS Group AG (NYSE:UBS) by 11.6% during the third quarter, HoldingsChannel.com reports. The firm owned 63,043 shares of the bank’s stock after selling 8,238 shares during the period. Banco Santander S.A.’s holdings in UBS Group were worth $1,949,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UBS. Legal & General Group Plc raised its stake 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 purchasing an additional 41,027,134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after acquiring an additional 5,508,422 shares in the last quarter. Susquehanna International Securities Ltd. raised its position in UBS Group by 162.3% during the second quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after acquiring an additional 3,103,747 shares in the last quarter. Acadian Asset Management LLC lifted its stake in UBS Group by 20.3% in the second 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, AXA S.A. grew its position in UBS Group by 25.6% in the second quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock worth $131,199,000 after acquiring an additional 905,612 shares in the last quarter.

UBS Group Trading Up 0.2 %

Shares of UBS stock opened at $31.80 on Friday. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $33.34. The company has a market cap of $101.95 billion, a PE ratio of 26.50 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The business’s 50 day moving average is $31.52 and its two-hundred day moving average is $30.67.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period last year, the business posted ($0.24) EPS. Equities analysts predict that UBS Group AG will post 1.73 EPS for the current year.

Analyst Ratings Changes

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