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

Pzena Investment Management LLC cut its stake in UBS Group AG (NYSE:UBS) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,322,845 shares of the bank’s stock after selling 7,281,284 shares during the quarter. UBS Group accounts for about 2.2% of Pzena Investment Management LLC’s portfolio, making the stock its 19th biggest position. Pzena Investment Management LLC’s holdings in UBS Group were worth $737,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Provenance Wealth Advisors LLC purchased a new stake in UBS Group in the 3rd quarter valued at $1,170,000. Gallacher Capital Management LLC purchased a new position in UBS Group during the 3rd quarter worth $340,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in UBS Group by 1.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,685,219 shares of the bank’s stock worth $274,344,000 after acquiring an additional 84,207 shares during the last quarter. Vise Technologies Inc. boosted its holdings in UBS Group by 20.7% during the 3rd quarter. Vise Technologies Inc. now owns 45,337 shares of the bank’s stock worth $2,182,000 after acquiring an additional 7,773 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of UBS Group by 3.0% in the 3rd quarter. Summit Global Investments now owns 13,021 shares of the bank’s stock worth $627,000 after acquiring an additional 385 shares in the last quarter.

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

Wall Street Analyst Weigh In

UBS has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen cut UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research note on Wednesday, September 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.30.

UBS Group Stock Performance

Shares of UBS opened at $50.62 on Thursday. The firm has a market cap of $158.15 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.19. UBS Group AG has a fifty-two week low of $36.29 and a fifty-two week high of $55.99. The business has a 50-day moving average of $49.94 and a 200 day moving average of $47.14.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share (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 period in the previous year, the firm earned $0.76 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that UBS Group AG will post 3.63 earnings per share for the current fiscal year.

UBS Group Company 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.