Metis Global Partners LLC Decreases Stock Position in UBS Group AG (NYSE:UBS)

Metis Global Partners LLC lowered its stake in UBS Group AG (NYSE:UBS) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 99,061 shares of the bank’s stock after selling 5,053 shares during the quarter. Metis Global Partners LLC’s holdings in UBS Group were worth $3,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UBS. Nisa Investment Advisors LLC purchased a new position in UBS Group during the 2nd quarter valued at about $41,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in UBS Group in the second quarter worth $50,000. Opal Wealth Advisors LLC boosted its holdings in UBS Group by 56.0% in the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after acquiring an additional 763 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in UBS Group during the 3rd quarter valued at $71,000.

UBS Group Stock Performance

UBS Group stock opened at $31.69 on Friday. The stock’s 50 day moving average is $31.14 and its 200 day moving average is $30.47. The company has a market capitalization of $101.60 billion, a P/E ratio of 26.40 and a beta of 1.15. UBS Group AG has a twelve month low of $25.24 and a twelve month high of $33.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping 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 firm 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 firm earned ($0.24) EPS. On average, equities research analysts predict that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About UBS Group

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.