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Assetmark Inc. Sells 31,255 Shares of UBS Group AG (NYSE:UBS)

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Key Points

  • Assetmark Inc. has significantly reduced its stake in UBS Group AG by 60.2%, selling 31,255 shares to own only 20,683 shares, valued at $634,000.
  • Several institutional investors, including Franklin Resources Inc. and LPL Financial LLC, have increased their stakes in UBS Group during the fourth quarter.
  • UBS Group reported better-than-expected quarterly earnings, with an EPS of $0.72, surpassing estimates of $0.70, and a revenue of $11.55 billion exceeding the expected $9.77 billion.
  • Interested in UBS Group? Here are five stocks we like better.

Assetmark Inc. reduced its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 60.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,683 shares of the bank's stock after selling 31,255 shares during the period. Assetmark Inc.'s holdings in UBS Group were worth $634,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock valued at $858,359,000 after purchasing an additional 17,525,749 shares in the last quarter. FMR LLC increased its position in UBS Group by 29.4% in the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after buying an additional 12,609,616 shares in the last quarter. SIH Partners LLLP bought a new stake in shares of UBS Group during the fourth quarter valued at approximately $214,546,000. Deutsche Bank AG increased its stake in UBS Group by 15.8% during the 4th quarter. Deutsche Bank AG now owns 27,013,906 shares of the bank's stock valued at $819,062,000 after purchasing an additional 3,684,437 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in UBS Group by 191.7% during the 4th quarter. Bank of Montreal Can now owns 5,296,147 shares of the bank's stock valued at $161,798,000 after purchasing an additional 3,480,421 shares in the last quarter.

UBS Group Stock Performance

NYSE:UBS traded up $0.67 on Monday, reaching $37.34. 1,483,574 shares of the company's stock were exchanged, compared to its average volume of 2,191,306. The stock has a fifty day simple moving average of $34.14 and a 200-day simple moving average of $32.73. The firm has a market cap of $119.72 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.64 and a beta of 1.18. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $38.42. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UBS shares. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Finally, Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Check Out Our Latest Report on UBS Group

About UBS Group

(Free Report)

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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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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