Credit Capital Investments LLC Reduces Stake in UBS Group AG (NYSE:UBS)

Credit Capital Investments LLC cut its position in UBS Group AG (NYSE:UBS) by 8.0% in the third quarter, Holdings Channel reports. The firm owned 46,000 shares of the bank’s stock after selling 4,000 shares during the period. UBS Group accounts for approximately 1.8% of Credit Capital Investments LLC’s holdings, making the stock its 14th biggest position. Credit Capital Investments LLC’s holdings in UBS Group were worth $1,422,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in UBS Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after acquiring an additional 1,546,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares during the period. Legal & General Group Plc lifted its holdings in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares during the period. Capital World Investors lifted its holdings in shares of UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after buying an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of UBS Group by 0.9% in the 2nd quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock valued at $884,759,000 after buying an additional 280,696 shares during the period.

Analyst Ratings Changes

UBS has been the subject of several research analyst reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

UBS Group stock traded down $0.59 during mid-day trading on Wednesday, hitting $31.47. 477,717 shares of the company were exchanged, compared to its average volume of 2,154,335. 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’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $30.46. The company has a market capitalization of $100.91 billion, a P/E ratio of 26.71 and a beta of 1.15. UBS Group AG has a 12-month low of $24.38 and a 12-month high of $33.34.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. Analysts forecast that UBS Group AG will post 1.45 earnings per share for the current fiscal 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.