Fullerton Fund Management Co Ltd. Cuts Holdings in UBS Group AG $UBS

Fullerton Fund Management Co Ltd. lowered its holdings in UBS Group AG (NYSE:UBS) by 34.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745,363 shares of the bank’s stock after selling 383,950 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in UBS Group were worth $25,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBS. Norges Bank purchased a new stake in shares of UBS Group during the second quarter valued at $4,878,061,000. Vanguard Group Inc. lifted its stake in UBS Group by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock valued at $4,595,641,000 after acquiring an additional 3,907,669 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of UBS Group by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock valued at $2,293,986,000 after acquiring an additional 1,363,149 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of UBS Group by 16.9% in the second quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock worth $1,975,903,000 after acquiring an additional 8,448,219 shares during the period. Finally, Cevian Capital II GP LTD raised its holdings in shares of UBS Group by 9.9% during the second quarter. Cevian Capital II GP LTD now owns 48,117,675 shares of the bank’s stock valued at $1,627,340,000 after purchasing an additional 4,330,274 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBS. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Finally, Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS opened at $43.21 on Friday. The business has a 50-day simple moving average of $39.00 and a two-hundred day simple moving average of $37.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $43.76. The stock has a market cap of $138.55 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.69 and a beta of 1.13.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. On average, analysts expect that UBS Group AG will post 1.9 EPS for the current year.

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.