55,087 UBS Group AG $UBS Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its holdings in shares of UBS Group AG (NYSE:UBS) by 70.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,936 shares of the bank’s stock after buying an additional 55,087 shares during the period. CenterBook Partners LP’s holdings in UBS Group were worth $6,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in UBS Group by 43.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after acquiring an additional 7,180,461 shares during the last quarter. Amundi lifted its position in shares of UBS Group by 16.9% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock worth $910,130,000 after purchasing an additional 3,374,516 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of UBS Group by 7.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after purchasing an additional 1,323,586 shares in the last quarter. Ninety One UK Ltd raised its stake in UBS Group by 4.7% in the third quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock worth $360,437,000 after buying an additional 336,264 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in UBS Group by 12.3% in the first quarter. WCM Investment Management LLC now owns 5,850,200 shares of the bank’s stock worth $214,527,000 after buying an additional 639,111 shares during the period.

Key UBS Group News

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 Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. DZ Bank restated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Bank of America reissued a “buy” rating on shares of UBS Group in a report on Tuesday, September 1st. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Thursday, October 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a research note on Wednesday, September 23rd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Trading Down 2.0%

NYSE:UBS traded down $0.96 during mid-day trading on Friday, reaching $47.81. The company’s stock had a trading volume of 2,770,398 shares, compared to its average volume of 1,834,790. UBS Group AG has a 12-month low of $36.29 and a 12-month high of $55.99. The firm’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $47.15. The stock has a market cap of $149.35 billion, a P/E ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.19.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). UBS Group had a return on equity of 10.77% and a net margin of 13.36%. The firm had revenue of $13.39 billion during the quarter, compared to the consensus estimate of $13.07 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Analysts predict that UBS Group AG will post 3.65 earnings per share for the current fiscal year.

UBS Group Company Profile

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.