Invesco Ltd. Sells 416,226 Shares of UBS Group AG $UBS

Key Points

• Invesco Ltd. reduced its holdings in UBS Group AG by 17.3%, selling 416,226 shares and owning approximately $60.9 million worth of the bank by the end of the first quarter.
• Several large investors increased their stakes in UBS Group, with Forsta AP Fonden and AMF Tjanstepension AB boosting their positions by 96.4% and 140.1%, respectively.
• UBS Group's stock opened at $39.90, with a market cap of $127.94 billion, and the company reported earnings per share of $0.72, surpassing analyst expectations.

Invesco Ltd. cut its stake in UBS Group AG (NYSE:UBS - Free Report) by 17.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,988,707 shares of the bank's stock after selling 416,226 shares during the period. Invesco Ltd. owned approximately 0.06% of UBS Group worth $60,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBS. City Holding Co. bought a new stake in UBS Group during the 1st quarter worth about $25,000. Grove Bank & Trust bought a new stake in UBS Group during the 1st quarter worth about $28,000. Berbice Capital Management LLC lifted its position in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after buying an additional 400 shares in the last quarter. Rakuten Securities Inc. lifted its position in UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after buying an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after buying an additional 477 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, UBS Group presently has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of UBS stock traded down $0.2750 on Thursday, reaching $39.4650. The stock had a trading volume of 1,621,991 shares, compared to its average volume of 2,057,850. The firm has a market capitalization of $126.54 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 0.70 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $40.21. The firm's 50-day moving average is $36.01 and its two-hundred day moving average is $33.15.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the firm earned $0.34 EPS. On average, research analysts expect 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.