MetLife Investment Management LLC Sells 44,166 Shares of UBS Group AG $UBS

Key Points

• MetLife Investment Management LLC reduced its stake in UBS Group AG by 11.5%, selling 44,166 shares, and now owns 341,321 shares valued at approximately $10.4 million.
• UBS Group received mixed ratings from analysts, with Morgan Stanley downgrading the stock to "underweight" while Bank of America upgraded it to "neutral," resulting in a consensus rating of "Moderate Buy."
• In its latest quarterly earnings report, UBS Group surpassed expectations, posting $0.72 earnings per share and $11.55 billion in revenue, which was significantly higher than the anticipated $9.77 billion.

MetLife Investment Management LLC trimmed its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,321 shares of the bank's stock after selling 44,166 shares during the period. MetLife Investment Management LLC's holdings in UBS Group were worth $10,438,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. City Holding Co. purchased a new stake in shares of UBS Group during the first quarter worth about $25,000. Grove Bank & Trust purchased a new stake in shares of UBS Group during the first quarter worth about $28,000. Berbice Capital Management LLC boosted its holdings in shares of UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after purchasing an additional 461 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in shares of UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

UBS Group Stock Down 0.2%

Shares of NYSE UBS traded down $0.10 on Friday, reaching $40.51. 1,240,890 shares of the company's stock traded hands, compared to its average volume of 1,911,827. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $40.71. The business's 50 day simple moving average is $37.11 and its two-hundred day simple moving average is $33.46. The company has a market cap of $129.88 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 0.71 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 (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The business had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities research analysts forecast 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.