NatWest Group plc Decreases Holdings in UBS Group AG $UBS

NatWest Group plc lowered its holdings in UBS Group AG (NYSE:UBS) by 64.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 33,219 shares of the bank’s stock after selling 59,568 shares during the quarter. NatWest Group plc’s holdings in UBS Group were worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in UBS Group in the second quarter valued at approximately $4,878,061,000. Vanguard Group Inc. boosted its holdings in shares of UBS Group by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock valued at $4,595,641,000 after buying an additional 3,907,669 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of UBS Group by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock valued at $2,293,986,000 after buying an additional 1,363,149 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of UBS Group by 16.9% in the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock valued at $1,975,903,000 after buying an additional 8,448,219 shares during the last quarter. Finally, Cevian Capital II GP LTD raised its stake in UBS Group by 9.9% during the 2nd quarter. Cevian Capital II GP LTD now owns 48,117,675 shares of the bank’s stock worth $1,627,340,000 after acquiring an additional 4,330,274 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBS. BNP Paribas lowered UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group Trading Up 0.1%

Shares of UBS stock opened at $44.83 on Thursday. The company has a market capitalization of $143.76 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 0.73 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. The business’s 50 day moving average is $39.20 and its two-hundred day moving average is $38.07. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $45.35.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

About UBS Group

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.