UBS Group AG $UBS Stock Purchased by CenterBook Partners LP

CenterBook Partners LP increased its position in UBS Group AG (NYSE:UBS) by 70.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,936 shares of the bank’s stock after acquiring an additional 55,087 shares during the quarter. CenterBook Partners LP’s holdings in UBS Group were worth $6,398,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in UBS Group in the 1st quarter worth $25,000. Coppell Advisory Solutions LLC bought a new stake in UBS Group during the second quarter valued at about $25,000. Robinswood Financial LLC purchased a new position in shares of UBS Group in the first quarter valued at about $31,000. First Bancorp Inc ME purchased a new position in shares of UBS Group in the second quarter valued at about $32,000. Finally, West Financial Advisors LLC bought a new position in shares of UBS Group in the third quarter worth about $39,000.

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 Upgrades and Downgrades

A number of research analysts recently commented on UBS shares. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Thursday, October 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a research report on Wednesday, September 23rd. DZ Bank restated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Finally, Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Price Performance

Shares of NYSE UBS traded down $0.96 during midday trading on Friday, reaching $47.81. 2,770,398 shares of the stock traded hands, compared to its average volume of 1,834,790. The company’s 50 day moving average is $49.70 and its 200 day moving average is $47.15. UBS Group AG has a one year low of $36.29 and a one year high of $55.99. The stock has a market capitalization of $149.35 billion, a PE ratio of 15.78, a P/E/G ratio of 0.72 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 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 business had revenue of $13.39 billion for the quarter, compared to the consensus estimate of $13.07 billion. During the same quarter last year, the business earned $0.76 EPS. UBS Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that UBS Group AG will post 3.65 EPS for the current year.

UBS Group Company 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.