Financial Counselors Inc. Sells 2,155 Shares of UBS Group AG (NYSE:UBS)

Financial Counselors Inc. lessened its position in UBS Group AG (NYSE:UBS) by 22.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,659 shares of the bank’s stock after selling 2,155 shares during the period. Financial Counselors Inc.’s holdings in UBS Group were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its stake in shares of UBS Group by 17.8% in the third quarter. Public Sector Pension Investment Board now owns 2,136,398 shares of the bank’s stock valued at $66,000,000 after buying an additional 323,310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares during the period. RPg Family Wealth Advisory LLC increased its position in UBS Group by 0.7% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 265,950 shares of the bank’s stock valued at $8,221,000 after acquiring an additional 1,866 shares during the period. Glenmede Trust Co. NA raised its stake in shares of UBS Group by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 66,504 shares of the bank’s stock valued at $2,056,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of UBS Group by 40.3% during the third quarter. Townsquare Capital LLC now owns 51,533 shares of the bank’s stock worth $1,593,000 after purchasing an additional 14,794 shares during the period.

Analysts Set New Price Targets

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

UBS Group Price Performance

Shares of NYSE UBS opened at $32.34 on Monday. The company has a market capitalization of $103.70 billion, a PE ratio of 26.95 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $33.34. The firm has a fifty day simple moving average of $31.69 and a 200 day simple moving average of $30.76.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the company posted ($0.24) EPS. On average, sell-side analysts forecast that UBS Group AG will post 1.73 EPS for the current year.

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.