Bank of Montreal Can Sells 334,123 Shares of UBS Group AG (NYSE:UBS)

Bank of Montreal Can cut its holdings in shares of UBS Group AG (NYSE:UBS) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,815,726 shares of the bank’s stock after selling 334,123 shares during the period. Bank of Montreal Can owned 0.06% of UBS Group worth $56,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UBS. Legal & General Group Plc lifted its position in 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 valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UBS Group by 11.3% during 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 purchasing an additional 5,508,422 shares during the period. Susquehanna International Securities Ltd. lifted its position in UBS Group by 162.3% during the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after purchasing an additional 3,103,747 shares during the period. Acadian Asset Management LLC lifted its position in UBS Group by 20.3% during the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after purchasing an additional 1,649,115 shares during the period. Finally, AXA S.A. raised its position in shares of UBS Group by 25.6% in the 2nd quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock valued at $131,199,000 after acquiring an additional 905,612 shares during the period.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $31.34 on Thursday. The company has a market capitalization of $100.47 billion, a price-to-earnings ratio of 26.11 and a beta of 1.15. The firm’s 50 day simple moving average is $31.62 and its 200 day simple moving average is $30.73. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34.

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, 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 analysts’ expectations of $11.20 billion. During the same period in the prior year, the business earned ($0.24) EPS. As a group, sell-side analysts forecast that UBS Group AG will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UBS. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America began coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued 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. According to data from MarketBeat, the company currently has an average 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.