Mutual of America Capital Management LLC Trims Stock Position in UBS Group AG (NYSE:UBS)

Mutual of America Capital Management LLC cut its position in UBS Group AG (NYSE:UBS) by 43.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,938 shares of the bank’s stock after selling 220,168 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UBS Group were worth $8,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in UBS Group by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock valued at $15,246,000 after buying an additional 40,911 shares during the period. Bessemer Group Inc. boosted its position in shares of UBS Group by 4.0% during the 1st quarter. Bessemer Group Inc. now owns 62,016 shares of the bank’s stock valued at $1,905,000 after acquiring an additional 2,387 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of UBS Group by 23.2% during the first quarter. Lake Street Advisors Group LLC now owns 37,665 shares of the bank’s stock worth $1,157,000 after purchasing an additional 7,085 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in UBS Group by 3.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 2,019,963 shares of the bank’s stock valued at $62,266,000 after purchasing an additional 60,823 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in UBS Group during the first quarter valued at approximately $1,515,000.

UBS Group Trading Down 0.2 %

UBS stock opened at $31.63 on Monday. The company has a market capitalization of $101.42 billion, a PE ratio of 26.36 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a one year low of $25.26 and a one year high of $33.34. The company’s 50 day moving average price is $31.25 and its two-hundred day moving average price is $30.56.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter last year, the company earned ($0.24) EPS. As a group, analysts predict that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.