QRG Capital Management Inc. Has $12.16 Million Stock Holdings in UBS Group AG (NYSE:UBS)

QRG Capital Management Inc. reduced its holdings in UBS Group AG (NYSE:UBS - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393,517 shares of the bank's stock after selling 16,163 shares during the period. QRG Capital Management Inc.'s holdings in UBS Group were worth $12,164,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norden Group LLC acquired a new stake in shares of UBS Group in the 1st quarter valued at $806,000. BNP Paribas Financial Markets raised its stake in shares of UBS Group by 57.4% in the first quarter. BNP Paribas Financial Markets now owns 79,352 shares of the bank's stock valued at $2,438,000 after acquiring an additional 28,938 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of UBS Group by 34.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,967 shares of the bank's stock worth $1,013,000 after acquiring an additional 8,458 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in UBS Group during the 1st quarter worth approximately $232,000. Finally, Larson Financial Group LLC increased its holdings in UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank's stock valued at $47,000 after purchasing an additional 1,493 shares in the last quarter.

UBS Group Trading Up 2.4 %

Shares of UBS stock traded up $0.73 on Tuesday, reaching $31.74. The company had a trading volume of 1,421,331 shares, compared to its average volume of 2,172,432. The company has a 50-day moving average of $30.89 and a 200-day moving average of $30.28. UBS Group AG has a 12 month low of $24.07 and a 12 month high of $32.90. The stock has a market cap of $101.77 billion, a PE ratio of 26.45 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 quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the previous year, the business earned ($0.24) EPS. On average, equities analysts forecast that UBS Group AG will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America initiated coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on 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.