Quantitative Investment Management LLC trimmed its stake in UBS Group AG (NYSE:UBS) by 35.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 286,700 shares of the bank’s stock after selling 155,600 shares during the quarter. Quantitative Investment Management LLC’s holdings in UBS Group were worth $5,272,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of UBS. Sei Investments Co. grew its holdings in shares of UBS Group by 2.6% during the third quarter. Sei Investments Co. now owns 1,377,186 shares of the bank’s stock valued at $23,610,000 after buying an additional 35,289 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of UBS Group by 4.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,208,590 shares of the bank’s stock valued at $71,398,000 after buying an additional 165,424 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of UBS Group by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock valued at $174,745,000 after buying an additional 290,696 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of UBS Group by 45.5% during the third quarter. Quantbot Technologies LP now owns 59,848 shares of the bank’s stock valued at $1,026,000 after buying an additional 18,726 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd grew its holdings in shares of UBS Group by 9.0% during the third quarter. British Airways Pensions Investment Management Ltd now owns 1,100,232 shares of the bank’s stock valued at $18,814,000 after buying an additional 90,515 shares in the last quarter. Institutional investors and hedge funds own 36.72% of the company’s stock.
A number of research analysts have recently weighed in on UBS shares. Zacks Investment Research upgraded UBS Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Saturday, January 6th. Credit Suisse Group upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Barclays started coverage on UBS Group in a report on Tuesday, January 16th. They set an “underweight” rating on the stock. TheStreet upgraded UBS Group from a “d” rating to a “c” rating in a report on Monday, November 27th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. UBS Group presently has an average rating of “Hold” and an average price target of $22.00.
UBS Group (NYSE:UBS) last released its quarterly earnings data on Sunday, January 21st. The bank reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $7.31 billion during the quarter. UBS Group had a return on equity of 7.96% and a net margin of 3.16%. equities analysts forecast that UBS Group AG will post 1.7 EPS for the current year.
UBS Group announced that its board has initiated a share repurchase plan on Monday, January 22nd that permits the company to buyback shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
About UBS Group
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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