UBS Group AG (NYSE:UBS) Position Lifted by Pzena Investment Management LLC

Pzena Investment Management LLC raised its position in shares of UBS Group AG (NYSE:UBS) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,802,466 shares of the bank’s stock after acquiring an additional 851,231 shares during the quarter. UBS Group makes up about 3.1% of Pzena Investment Management LLC’s holdings, making the stock its 7th largest holding. Pzena Investment Management LLC owned 0.96% of UBS Group worth $952,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. 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. grew its holdings 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 purchasing an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in UBS Group in the 2nd quarter valued at about $50,000. Opal Wealth Advisors LLC lifted its position 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 position in shares of UBS Group during the 3rd quarter worth approximately $71,000.

UBS Group Stock Performance

NYSE:UBS traded down $0.21 during trading hours on Wednesday, reaching $31.64. 104,492 shares of the company’s stock were exchanged, compared to its average volume of 2,132,738. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a market capitalization of $101.45 billion, a price-to-earnings ratio of 26.54 and a beta of 1.15. UBS Group AG has a 1-year low of $25.94 and a 1-year high of $33.34. The company has a 50-day moving average of $31.37 and a 200 day moving average of $30.63.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the firm earned ($0.24) EPS. Research analysts anticipate that UBS Group AG will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.