Edmond DE Rothschild Holding S.A. Reduces Holdings in UBS Group AG (NYSE:UBS)

Edmond DE Rothschild Holding S.A. reduced its stake in UBS Group AG (NYSE:UBSFree Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 600,891 shares of the bank’s stock after selling 47,817 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in UBS Group were worth $18,711,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UBS. Norges Bank purchased a new position in shares of UBS Group during the 4th quarter worth $5,004,151,000. Pzena Investment Management LLC grew its holdings in shares of UBS Group by 392.8% during the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after purchasing an additional 24,027,505 shares during the period. FMR LLC grew its holdings in shares of UBS Group by 37.8% during the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock worth $1,271,454,000 after purchasing an additional 14,104,407 shares during the period. WCM Investment Management LLC grew its holdings in shares of UBS Group by 6,797.0% during the 4th quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after purchasing an additional 4,568,457 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UBS Group by 9.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after purchasing an additional 3,840,395 shares during the period.

UBS Group Price Performance

UBS traded up $0.68 during mid-day trading on Monday, hitting $30.87. 1,619,300 shares of the stock were exchanged, compared to its average volume of 2,779,294. The firm’s fifty day moving average is $29.51 and its two-hundred day moving average is $29.06. UBS Group AG has a 1-year low of $18.76 and a 1-year high of $32.13. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08.

UBS Group (NYSE:UBSGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.29. The company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. As a group, sell-side analysts expect that UBS Group AG will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBS. Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UBS Group has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on UBS Group

UBS Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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