UBS Group AG $UBS Shares Sold by M&G PLC

M&G PLC lessened its holdings in UBS Group AG (NYSE:UBS) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,015,792 shares of the bank’s stock after selling 292,147 shares during the quarter. UBS Group makes up about 1.2% of M&G PLC’s holdings, making the stock its 23rd largest position. M&G PLC owned 0.16% of UBS Group worth $240,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBS. Assenagon Asset Management S.A. increased its holdings in shares of UBS Group by 6,277.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock valued at $821,228,000 after acquiring an additional 16,277,125 shares during the last quarter. Amundi lifted its stake in UBS Group by 16.9% during the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock worth $910,130,000 after purchasing an additional 3,374,516 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in UBS Group in the second quarter valued at approximately $119,055,000. Arrowstreet Capital Limited Partnership boosted its holdings in UBS Group by 7.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after purchasing an additional 1,323,586 shares in the last quarter. Finally, Crocodile Capital Partners GmbH purchased a new position in UBS Group in the third quarter valued at approximately $56,300,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Thursday, October 29th. DZ Bank restated a “buy” rating on shares of UBS Group in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Wednesday, September 2nd. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday, July 20th. Finally, Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Stock Up 2.5%

Shares of UBS stock opened at $48.97 on Tuesday. UBS Group AG has a fifty-two week low of $36.29 and a fifty-two week high of $55.99. The stock has a market cap of $152.97 billion, a P/E ratio of 16.16, a P/E/G ratio of 0.75 and a beta of 1.19. The business has a fifty day simple moving average of $49.58 and a 200-day simple moving average of $47.16.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). The business had revenue of $13.39 billion during the quarter, compared to analysts’ expectations of $13.07 billion. UBS Group had a return on equity of 10.77% and a net margin of 13.36%. UBS Group’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, sell-side analysts anticipate that UBS Group AG will post 3.65 earnings per share for the current year.

Key Stories Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Neutral Sentiment: Ermotti said the recent correction in AI stocks reflected investors having priced in overly high expectations. His remarks signal caution about valuations, rather than a change to UBS’s own financial outlook. Reuters article
• Neutral Sentiment: UBS identified AI, the energy transition, and longevity as areas with investment opportunities. This may support client-advisory demand, but the report did not quantify potential business or revenue effects. Professional Planner article
• Negative Sentiment: Ermotti also pointed to uncertainty around U.S. midterm elections as a factor clouding the outlook for AI investment. That could contribute to continued volatility in a sector relevant to investor sentiment and UBS’s wealth-management clients. The Edge Singapore article

UBS Group Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world.

The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.

UBS traces its roots to Swiss banking institutions established in the 19th century and took its current form through the 1998 merger of Union Bank of Switzerland and Swiss Bank Corporation.