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

Bank of Montreal Can reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 15.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,815,726 shares of the bank’s stock after selling 334,123 shares during the period. Bank of Montreal Can’s holdings in UBS Group were worth $56,360,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com raised shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.5 %

Shares of UBS Group stock opened at $31.34 on Thursday. The business has a fifty day simple moving average of $31.62 and a two-hundred day simple moving average of $30.73. UBS Group AG has a 1 year low of $26.00 and a 1 year high of $33.34. 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 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 (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $11.20 billion. During the same quarter last year, the firm posted ($0.24) EPS. Research analysts forecast that UBS Group AG will post 1.73 EPS for the current year.

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.