7,281,284 UBS Group AG $UBS Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in UBS Group AG (NYSE:UBS) by 32.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,322,845 shares of the bank’s stock after selling 7,281,284 shares during the period. UBS Group comprises approximately 2.2% of Pzena Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. Pzena Investment Management LLC owned approximately 0.49% of UBS Group worth $737,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new position in shares of UBS Group in the first quarter valued at about $25,000. Coppell Advisory Solutions LLC bought a new position in shares of UBS Group during the second quarter valued at $25,000. Robinswood Financial LLC acquired a new position in UBS Group during the 1st quarter worth about $31,000. First Bancorp Inc ME acquired a new position in shares of UBS Group in the second quarter worth approximately $32,000. Finally, West Financial Advisors LLC acquired a new stake in UBS Group during the 3rd quarter valued at approximately $39,000.

UBS Group Trading Up 5.5%

NYSE UBS opened at $50.62 on Thursday. The company has a fifty day simple moving average of $49.94 and a 200 day simple moving average of $47.14. UBS Group AG has a 12-month low of $36.29 and a 12-month high of $55.99. The company has a market cap of $158.15 billion, a P/E ratio of 16.71, a PEG ratio of 0.71 and a beta of 1.19.

UBS Group (NYSE:UBS) last announced its quarterly 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 quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts predict that UBS Group AG will post 3.63 EPS for the current year.

UBS Group News Summary

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

• Positive Sentiment: A lawmaker’s proposal may give UBS a new opportunity to reach a compromise over capital requirements, potentially easing concerns about the rules’ impact. The details and likelihood of a compromise are not yet clear. UBS Has New Chance of Capital Compromise After Lawmaker Plan
• Neutral Sentiment: UBS reportedly cut about 200 jobs in London in recent weeks. The move could lower costs, though the report does not specify the roles affected or expected savings. UBS slashes 200 jobs in London in recent weeks – report
• Negative Sentiment: Zacks Research lowered its UBS rating from “strong buy” to “hold,” a less bullish signal for the shares. Zacks Research stock recommendations
• Negative Sentiment: CEO Sergio Ermotti said cyber risks now rival traditional threats to banks, underscoring a significant operational risk for UBS and the sector. UBS CEO Ermotti Says Cyber Risks Rival Traditional Bank Threats

Analyst Ratings Changes

UBS has been the topic of a number of recent analyst reports. DZ Bank restated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Wall Street Zen lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research report on Wednesday, September 23rd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Thursday, October 29th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.