Ethic Inc. Buys 110,694 Shares of UBS Group AG $UBS

Key Points

• Ethic Inc. increased its UBS Group stake by 73.5% in the third quarter, adding 110,694 shares to hold 261,240 shares valued at about $12.6 million.
• UBS reported quarterly EPS of $0.85, below the $0.91 analyst consensus, while revenue of $13.39 billion topped estimates and rose 9.7% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $60.30; ratings include six Buys, four Holds and two Sells.

Ethic Inc. increased its stake in UBS Group AG (NYSE:UBS - Free Report) by 73.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,240 shares of the bank's stock after acquiring an additional 110,694 shares during the period. Ethic Inc.'s holdings in UBS Group were worth $12,573,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in shares of UBS Group in the 2nd quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in shares of UBS Group during the 1st quarter valued at approximately $25,000. First Bancorp Inc ME bought a new position in shares of UBS Group during the 2nd quarter valued at approximately $32,000. Robinswood Financial LLC bought a new position in shares of UBS Group during the 1st quarter valued at approximately $31,000. Finally, West Financial Advisors LLC purchased a new stake in UBS Group during the 3rd quarter valued at $39,000.

UBS Group Price Performance

Shares of NYSE:UBS opened at $47.81 on Monday. UBS Group AG has a 1 year low of $36.29 and a 1 year high of $55.99. The business has a 50 day simple moving average of $49.70 and a two-hundred day simple moving average of $47.15. The firm has a market capitalization of $149.35 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, October 28th. The bank reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.06). UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The business had revenue of $13.39 billion for the quarter, compared to the consensus estimate of $13.07 billion. During the same period in the prior year, the company posted $0.76 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that UBS Group AG will post 3.65 EPS for the current fiscal year.

UBS Group News Roundup

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

• Positive Sentiment: LBP AM SA reported a new UBS position valued at about $376 million in its September 30 holdings. Across recent filings, more institutions added shares than reduced positions, although the data reflects different reporting periods and is not a clear consensus signal. Fund Update: New $376.0M UBS stock position opened by LBP AM SA
• Positive Sentiment: UBS is reducing consultant spending as its Credit Suisse integration approaches completion, with reports citing more than $800 million in lower external-adviser costs. The cuts could improve efficiency, though the integration also includes substantial job reductions. UBS slashes spending on consultants as Credit Suisse project winds down
• Neutral Sentiment: UBS reportedly cut about 200 London jobs as the Credit Suisse integration nears its end. The move may contribute to cost savings, but also highlights ongoing restructuring. UBS cuts about 200 London jobs as Credit Suisse fusion ends
• Negative Sentiment: A report says market speculation has revived that UBS could exit or sell its UBS Americas unit amid its dispute with Swiss regulators. This remains unconfirmed, but uncertainty around the bank’s U.S. operations could weigh on sentiment. The latest twist in the saga between UBS and Swiss regulators involves bank's New York business

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a research report on Thursday, October 29th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of UBS Group in a research note on Monday, September 28th. Zacks Research cut shares of UBS Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. reissued a "buy" rating on shares of UBS Group in a research note on Wednesday, September 23rd. Finally, Wall Street Zen downgraded shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $60.30.

About UBS Group

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.

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