UBS Group AG (NYSE:UBS) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lessened its stake in UBS Group AG (NYSE:UBS) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,506 shares of the bank’s stock after selling 1,754 shares during the quarter. Raymond James Trust N.A.’s holdings in UBS Group were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UBS. Legal & General Group Plc boosted 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 purchasing an additional 41,027,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 purchasing an additional 5,508,422 shares during the last quarter. Susquehanna International Securities Ltd. boosted its holdings in shares of UBS Group by 162.3% in the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after purchasing an additional 3,103,747 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of UBS Group by 20.3% in the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after purchasing an additional 1,649,115 shares during the last quarter. Finally, AXA S.A. boosted its holdings in shares of UBS Group by 25.6% in the 2nd quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock valued at $131,199,000 after purchasing an additional 905,612 shares during the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $31.80 on Monday. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $33.34. The company has a market capitalization of $101.96 billion, a price-to-earnings ratio of 26.50 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. The firm’s fifty day moving average price is $31.52 and its 200 day moving average price is $30.69.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same quarter in the previous year, the firm earned ($0.24) EPS. On average, research analysts forecast that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on UBS. Bank of America began coverage on shares of UBS Group in a report on Thursday, September 19th. They set 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About UBS Group

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.