Great West Life Assurance Co. Can Reduces Holdings in UBS Group AG (NYSE:UBS)

Great West Life Assurance Co. Can reduced its stake in UBS Group AG (NYSE:UBS) by 7.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,618,106 shares of the bank’s stock after selling 205,001 shares during the quarter. Great West Life Assurance Co. Can owned about 0.08% of UBS Group worth $53,242,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UBS. Performa Ltd US LLC acquired a new position in shares of UBS Group in the second quarter valued at about $35,000. Ameritas Advisory Services LLC purchased a new position in UBS Group during the 1st quarter worth approximately $41,000. First Manhattan Co. acquired a new stake in UBS Group during the 4th quarter valued at approximately $47,000. Massmutual Trust Co. FSB ADV increased its stake in shares of UBS Group by 53.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,480 shares of the bank’s stock worth $50,000 after acquiring an additional 868 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of UBS Group by 78.4% during the second quarter. Hexagon Capital Partners LLC now owns 2,596 shares of the bank’s stock worth $53,000 after purchasing an additional 1,141 shares during the last quarter. 36.44% of the stock is currently owned by institutional investors and hedge funds.

UBS Group Stock Performance

NYSE UBS opened at $26.21 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.10. UBS Group AG has a twelve month low of $17.60 and a twelve month high of $26.97. The stock has a 50-day moving average of $24.75 and a 200 day moving average of $22.62. The stock has a market capitalization of $91.21 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 2.10 and a beta of 1.08.

UBS Group (NYSE:UBS) last announced its earnings results on Monday, November 6th. The bank reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30). The business had revenue of $19.72 billion for the quarter. UBS Group had a net margin of 52.89% and a return on equity of 11.03%. During the same quarter last year, the business earned $0.52 EPS. Sell-side analysts anticipate that UBS Group AG will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on UBS. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 6th. StockNews.com initiated coverage on UBS Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.86.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.