UBS Group AG (NYSE:UBS) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC cut its stake in shares of UBS Group AG (NYSE:UBS) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 532,829 shares of the bank’s stock after selling 26,341 shares during the quarter. UBS Group makes up 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBS. Nisa Investment Advisors LLC acquired a new position in UBS Group in the second quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. boosted its holdings in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in UBS Group in the second quarter valued at approximately $50,000. Opal Wealth Advisors LLC lifted its stake 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 buying an additional 763 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in UBS Group in the third quarter valued at approximately $71,000.

Analyst Ratings Changes

UBS has been the subject of a number of research reports. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Price Performance

UBS Group stock opened at $31.34 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 debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $31.64 and a 200-day simple moving average of $30.73. The stock has a market capitalization of $100.49 billion, a PE ratio of 26.12 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 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 business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Equities analysts predict that UBS Group AG will post 1.73 earnings per share for the current year.

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.