Banque Cantonale Vaudoise Cuts Holdings in UBS Group AG (NYSE:UBS)

Banque Cantonale Vaudoise lessened its holdings in UBS Group AG (NYSE:UBS - Free Report) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,792,649 shares of the bank's stock after selling 839,039 shares during the quarter. UBS Group makes up approximately 8.7% of Banque Cantonale Vaudoise's holdings, making the stock its biggest holding. Banque Cantonale Vaudoise owned about 0.21% of UBS Group worth $209,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC raised its holdings in shares of UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank's stock valued at $328,000 after purchasing an additional 349 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of UBS Group by 15.6% in the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank's stock valued at $81,000 after acquiring an additional 355 shares during the period. Parallel Advisors LLC lifted its position in UBS Group by 2.6% during the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank's stock worth $489,000 after purchasing an additional 420 shares during the period. Traveka Wealth LLC lifted its position in UBS Group by 6.2% during the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank's stock worth $221,000 after purchasing an additional 435 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its position in UBS Group by 4.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 10,511 shares of the bank's stock worth $311,000 after purchasing an additional 437 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Bank of America started coverage on UBS Group in a research note on Thursday, September 19th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, UBS Group currently has an average rating of "Moderate Buy".

UBS Group Trading Down 0.1 %

UBS stock traded down $0.02 during trading on Tuesday, hitting $31.85. The company had a trading volume of 1,200,733 shares, compared to its average volume of 2,141,792. The business has a 50-day moving average of $31.30 and a 200-day moving average of $30.60. UBS Group AG has a one year low of $25.94 and a one year high of $33.34. The stock has a market cap of $102.12 billion, a PE ratio of 26.54 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating 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 business had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $11.20 billion. During the same period in the prior year, the business posted ($0.24) earnings per share. Research analysts predict that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

UBS Group Profile

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.