Bank of New York Mellon Corp Sells 101,703 Shares of UBS Group AG (NYSE:UBS)

Bank of New York Mellon Corp cut its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,489,653 shares of the bank's stock after selling 101,703 shares during the period. Bank of New York Mellon Corp owned 0.26% of UBS Group worth $260,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBS. Jones Financial Companies Lllp lifted its stake in UBS Group by 142.4% in the fourth quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank's stock worth $668,000 after purchasing an additional 12,939 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in UBS Group by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock worth $91,000 after purchasing an additional 887 shares during the last quarter. Blair William & Co. IL lifted its stake in UBS Group by 11.5% in the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock worth $242,000 after purchasing an additional 823 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in UBS Group by 27.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock worth $68,000 after purchasing an additional 482 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in UBS Group in the fourth quarter worth about $396,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UBS shares. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Finally, Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

UBS Group Stock Up 2.0%

NYSE:UBS traded up $0.69 during trading hours on Tuesday, reaching $34.86. The company's stock had a trading volume of 749,895 shares, compared to its average volume of 3,362,219. The company has a market capitalization of $111.76 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 0.91 and a beta of 1.15. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day moving average price of $32.23 and a two-hundred day moving average price of $32.04.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. Equities analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Profile

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.