National Asset Management Inc. decreased its holdings in UBS Group AG (NYSE:UBS) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,775 shares of the bank’s stock after selling 4,324 shares during the period. National Asset Management Inc.’s holdings in UBS Group were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of UBS Group by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock valued at $2,448,489,000 after buying an additional 3,350,959 shares during the period. Fisher Asset Management LLC increased its stake in shares of UBS Group by 3.4% during the third quarter. Fisher Asset Management LLC now owns 48,054,057 shares of the bank’s stock valued at $755,890,000 after buying an additional 1,590,059 shares during the period. Bank of Montreal Can increased its stake in shares of UBS Group by 38.8% during the third quarter. Bank of Montreal Can now owns 12,346,812 shares of the bank’s stock valued at $194,216,000 after buying an additional 3,450,053 shares during the period. Flossbach Von Storch AG increased its stake in shares of UBS Group by 2.0% during the third quarter. Flossbach Von Storch AG now owns 11,991,850 shares of the bank’s stock valued at $189,695,000 after buying an additional 236,000 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of UBS Group by 19.8% during the second quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock valued at $171,358,000 after buying an additional 1,844,479 shares during the period. Institutional investors and hedge funds own 32.66% of the company’s stock.

Shares of NYSE:UBS opened at $13.65 on Tuesday. UBS Group AG has a 52-week low of $13.01 and a 52-week high of $20.89. The stock has a market capitalization of $52.80 billion, a PE ratio of 12.76 and a beta of 1.31. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.92 and a quick ratio of 0.92.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Thursday, October 25th. The bank reported $0.33 earnings per share (EPS) for the quarter. UBS Group had a return on equity of 10.19% and a net margin of 5.02%. The firm had revenue of $6.55 billion during the quarter. As a group, equities analysts predict that UBS Group AG will post 1.37 earnings per share for the current fiscal year.

UBS has been the topic of several research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research note on Tuesday, September 4th. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. ValuEngine raised UBS Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded UBS Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the stock. UBS Group currently has a consensus rating of “Hold” and an average target price of $22.00.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/11/20/ubs-group-ag-ubs-holdings-trimmed-by-national-asset-management-inc.html.

About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

Further Reading: Why is the ex-dividend date different from the record date?

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.