UBS Group AG $UBS Holdings Reduced by M&G PLC

M&G PLC decreased its stake in shares of UBS Group AG (NYSE:UBS) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,015,792 shares of the bank’s stock after selling 292,147 shares during the period. UBS Group accounts for 1.2% of M&G PLC’s investment portfolio, making the stock its 23rd biggest position. M&G PLC’s holdings in UBS Group were worth $240,102,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of UBS Group in the second quarter valued at $25,000. First Bancorp Inc ME acquired a new stake in shares of UBS Group during the second quarter valued at $32,000. Robinswood Financial LLC purchased a new stake in UBS Group during the 1st quarter worth about $31,000. West Financial Advisors LLC purchased a new stake in UBS Group during the 3rd quarter worth about $39,000. Finally, Ancora Advisors LLC purchased a new stake in UBS Group during the 2nd quarter worth about $50,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UBS. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. DZ Bank reaffirmed a “buy” rating on shares of UBS Group in a research note on Thursday, July 30th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Thursday, October 29th. Six research 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.com, UBS Group presently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Price Performance

Shares of NYSE:UBS opened at $48.97 on Tuesday. The business has a 50-day moving average of $49.58 and a two-hundred day moving average of $47.16. The firm has a market capitalization of $152.97 billion, a PE ratio of 16.16, a P/E/G ratio of 0.75 and a beta of 1.19. UBS Group AG has a 12 month low of $36.29 and a 12 month high of $55.99.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 earnings per share 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 firm had revenue of $13.39 billion during the quarter, compared to analyst estimates of $13.07 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that UBS Group AG will post 3.65 earnings per share for the current year.

More UBS Group News

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

• Neutral Sentiment: Ermotti said the recent correction in AI stocks reflected investors having priced in overly high expectations. His remarks signal caution about valuations, rather than a change to UBS’s own financial outlook. Reuters article
• Neutral Sentiment: UBS identified AI, the energy transition, and longevity as areas with investment opportunities. This may support client-advisory demand, but the report did not quantify potential business or revenue effects. Professional Planner article
• Negative Sentiment: Ermotti also pointed to uncertainty around U.S. midterm elections as a factor clouding the outlook for AI investment. That could contribute to continued volatility in a sector relevant to investor sentiment and UBS’s wealth-management clients. The Edge Singapore article

UBS Group 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.