Bank of New York Mellon Corp Sells 1,022,948 Shares of UBS Group AG $UBS

Bank of New York Mellon Corp reduced its position in shares of UBS Group AG (NYSE:UBS) by 13.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,748,792 shares of the bank’s stock after selling 1,022,948 shares during the quarter. Bank of New York Mellon Corp’s holdings in UBS Group were worth $312,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. AQR Capital Management LLC increased its stake in UBS Group by 73.9% during the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after purchasing an additional 26,728 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after purchasing an additional 708 shares in the last quarter. NewEdge Advisors LLC increased its stake in UBS Group by 3.1% during the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after purchasing an additional 1,267 shares in the last quarter. Focus Partners Wealth increased its stake in UBS Group by 11.6% during the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after purchasing an additional 573 shares in the last quarter.

UBS Group Stock Performance

UBS opened at $47.66 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. The company has a market cap of $148.90 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.81 and a beta of 1.19. The company’s 50 day moving average is $43.51 and its 200 day moving average is $43.07. UBS Group AG has a 12-month low of $30.36 and a 12-month high of $49.36.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. On average, equities research analysts predict that UBS Group AG will post 3.25 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Four research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group News Roundup

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

• Positive Sentiment: UBS shares are near a technical breakout, with a report noting the stock is close to emerging from a cup base and has been advancing alongside other large-cap banks. That kind of chart setup can attract momentum buyers. Banking On Breakouts: UBS, Citi Charts Shape Up
• Positive Sentiment: The successful sale of $1.5 billion in AT1 capital securities suggests UBS still has access to funding markets, which can be viewed as a sign of financial flexibility and investor demand for its paper. UBS Sells $1.5 Billion AT1, First Since Swiss Reform Pause
• Neutral Sentiment: UBS AG secured legal opinions for a $1.5 billion ETN shelf and an ETRACS silver covered call note. This is mainly a routine capital-markets filing and does not appear to change the core outlook for UBS stock. UBS AG Secures Legal Opinions for $1.5 Billion ETN Shelf and ETRACS Silver Covered Call Note
• Neutral Sentiment: UBS reduced its stake in IDP Education below the substantial-shareholder threshold. That is a portfolio disclosure and is unlikely to materially affect UBS Group’s shares on its own. UBS Group Ceases to Be Substantial Shareholder in IDP Education
• Negative Sentiment: UBS downgraded Sherwin-Williams, citing continued housing headwinds. While this is not about UBS’s own fundamentals, it may reflect a more cautious stance from the bank’s analysts on parts of the market. UBS Lowers Sherwin-Williams (SHW) Target as Housing Headwinds Persist
• Negative Sentiment: UBS also downgraded BHEL to Neutral from Buy, suggesting the stock’s strong run has already priced in much of the good news. That headline may be seen as another cautious research call from UBS. UBS downgrades BHEL shares to Neutral from Buy. Check target, key reasons

UBS Group Company 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.