Cresset Asset Management LLC reduced its stake in UBS Group AG (NYSE:UBS - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,859 shares of the bank's stock after selling 91,734 shares during the quarter. Cresset Asset Management LLC's holdings in UBS Group were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in UBS Group in the fourth quarter valued at approximately $5,594,066,000. Vanguard Group Inc. raised its stake in UBS Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock valued at $3,915,512,000 after purchasing an additional 1,296,428 shares in the last quarter. FMR LLC raised its stake in UBS Group by 29.4% in the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after purchasing an additional 12,609,616 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock valued at $1,070,335,000 after purchasing an additional 5,555,624 shares in the last quarter. Finally, Amundi raised its stake in UBS Group by 0.6% in the fourth quarter. Amundi now owns 16,751,961 shares of the bank's stock valued at $543,936,000 after purchasing an additional 95,712 shares in the last quarter.
UBS Group Stock Up 1.1%
Shares of UBS Group stock opened at $32.52 on Wednesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $35.84. The stock has a market capitalization of $104.27 billion, a price-to-earnings ratio of 21.39 and a beta of 1.15. The company's 50 day moving average price is $30.39 and its 200-day moving average price is $31.83.
UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Equities research analysts forecast that UBS Group AG will post 1.9 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on UBS shares. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com downgraded shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, UBS Group presently has an average rating of "Moderate Buy".
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About UBS Group
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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.
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