Tocqueville Asset Management L.P. decreased its position in shares of UBS Group AG (NYSE:UBS) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,230,391 shares of the bank’s stock after selling 12,485 shares during the quarter. Tocqueville Asset Management L.P. owned 0.06% of UBS Group worth $35,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC purchased a new position in shares of UBS Group during the second quarter valued at $444,000. BNP Paribas Arbitrage SA lifted its stake in UBS Group by 52.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 46,935 shares of the bank’s stock valued at $720,000 after purchasing an additional 16,204 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in UBS Group by 17.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 138,708 shares of the bank’s stock valued at $2,147,000 after purchasing an additional 20,418 shares during the last quarter. Wells Fargo & Company MN lifted its stake in UBS Group by 19.8% in the 2nd quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock valued at $171,358,000 after purchasing an additional 1,844,479 shares during the last quarter. Finally, LMR Partners LLP bought a new position in UBS Group in the 2nd quarter valued at approximately $32,729,000. 35.03% of the stock is owned by hedge funds and other institutional investors.

NYSE UBS traded down $0.52 on Wednesday, hitting $13.21. The company’s stock had a trading volume of 3,387,208 shares, compared to its average volume of 1,939,954. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.92 and a current ratio of 0.92. UBS Group AG has a 1-year low of $13.01 and a 1-year high of $20.89. The stock has a market cap of $52.15 billion, a P/E ratio of 12.35 and a beta of 1.30.

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

Several equities analysts recently commented on UBS shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research note on Tuesday, September 4th. Zacks Investment Research downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, ValuEngine upgraded shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.00.

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UBS Group Profile

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.

Read More: Cost of Capital Explained

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

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