110,694 UBS Group AG $UBS Shares Bought by Ethic Inc.

Ethic Inc. boosted its stake in shares of UBS Group AG (NYSE:UBS) by 73.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,240 shares of the bank’s stock after buying an additional 110,694 shares during the quarter. Ethic Inc.’s holdings in UBS Group were worth $12,573,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake 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 in the last quarter. Amundi raised its stake in shares of UBS Group by 16.9% during the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after acquiring an additional 3,374,516 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after acquiring an additional 1,323,586 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of UBS Group by 4.7% in the third quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after purchasing an additional 336,264 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of UBS Group by 1.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,685,219 shares of the bank’s stock valued at $274,344,000 after purchasing an additional 84,207 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 Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Thursday, October 29th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research report on Wednesday, September 23rd. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Finally, Bank of America reissued a “buy” rating on shares of UBS Group in a research report on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Stock Up 0.1%

UBS Group stock opened at $47.81 on Monday. The business has a fifty day moving average of $49.70 and a two-hundred day moving average of $47.15. The firm has a market cap of $149.35 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.70 and a beta of 1.19. UBS Group AG has a twelve month low of $36.29 and a twelve month high of $55.99.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.06). UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The company had revenue of $13.39 billion for the quarter, compared to the consensus estimate of $13.07 billion. During the same period last year, the business posted $0.76 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that UBS Group AG will post 3.65 earnings per share for the current year.

About UBS Group

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.