Mutual of America Capital Management LLC Sells 220,168 Shares of UBS Group AG (NYSE:UBS)

Mutual of America Capital Management LLC lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 43.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other large investors also recently modified their holdings of UBS. Natixis Advisors LLC boosted its position in shares of UBS Group by 5.2% during the third quarter. Natixis Advisors LLC now owns 5,207,913 shares of the bank's stock worth $160,977,000 after buying an additional 258,058 shares during the period. Plato Investment Management Ltd acquired a new position in shares of UBS Group during the third quarter worth about $3,188,000. Oppenheimer Asset Management Inc. boosted its position in shares of UBS Group by 5.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 19,054 shares of the bank's stock worth $589,000 after buying an additional 1,045 shares during the period. MQS Management LLC acquired a new position in shares of UBS Group during the third quarter worth about $267,000. Finally, Venturi Wealth Management LLC boosted its position in shares of UBS Group by 88.7% during the third quarter. Venturi Wealth Management LLC now owns 7,730 shares of the bank's stock worth $239,000 after buying an additional 3,634 shares during the period.

UBS Group Stock Performance

Shares of UBS traded up $0.24 during mid-day trading on Monday, reaching $31.87. The company's stock had a trading volume of 982,411 shares, compared to its average volume of 2,146,012. The stock has a market cap of $102.19 billion, a P/E ratio of 26.62 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 AG has a 1-year low of $25.94 and a 1-year high of $33.34. The business has a 50-day simple moving average of $31.25 and a two-hundred day simple moving average of $30.56.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on UBS. StockNews.com raised UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They set a "neutral" rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, UBS Group has an average rating of "Moderate Buy".

UBS Group Company 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.