Voya Investment Management LLC Sells 121,808 Shares of UBS Group AG $UBS

by · The Markets Daily

Voya Investment Management LLC cut its position in shares of UBS Group AG (NYSE:UBS – Free Report) by 24.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 386,143 shares of the bank’s stock after selling 121,808 shares during the period. Voya Investment Management LLC’s holdings in UBS Group were worth $15,778,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Maseco LLP bought a new position in shares of UBS Group during the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in UBS Group during the second quarter valued at $33,000. Quarry LP purchased a new position in shares of UBS Group in the 1st quarter worth $37,000. Westside Investment Management Inc. increased its holdings in shares of UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after buying an additional 958 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. BNP Paribas downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Check Out Our Latest Stock Report on UBS Group

UBS Group Stock Performance

UBS opened at $46.44 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $46.66. The firm has a 50 day moving average of $39.57 and a two-hundred day moving average of $38.39. The firm has a market capitalization of $148.91 billion, a PE ratio of 20.92, a P/E/G ratio of 0.56 and a beta of 1.13.

UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The firm had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

About UBS Group

(Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

Further Reading

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