Royal London Asset Management Ltd. Sells 50,926 Shares of UBS Group AG $UBS

Royal London Asset Management Ltd. lessened its stake in UBS Group AG (NYSE:UBS) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,534,187 shares of the bank’s stock after selling 50,926 shares during the quarter. Royal London Asset Management Ltd.’s holdings in UBS Group were worth $163,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Navalign LLC bought a new position in UBS Group during the fourth quarter worth about $32,000. Larson Financial Group LLC grew its position in shares of UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after purchasing an additional 445 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of UBS Group during the 3rd quarter valued at $37,000. Empowered Funds LLC purchased a new stake in UBS Group during the 4th quarter worth about $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in UBS Group by 62.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares during the period.

UBS Group Stock Performance

NYSE:UBS opened at $48.93 on Friday. The stock has a market cap of $152.84 billion, a P/E ratio of 17.54, a PEG ratio of 0.82 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average price is $44.69 and its two-hundred day moving average price is $43.45. UBS Group AG has a twelve month low of $30.36 and a twelve month high of $49.36.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. As a group, equities analysts predict that UBS Group AG will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBS has been the subject of a number of recent analyst reports. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.