UBS Group AG (UBS) Shares Sold by M&T Bank Corp

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M&T Bank Corp lessened its stake in UBS Group AG (NYSE:UBS) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,914 shares of the bank’s stock after selling 16,696 shares during the period. M&T Bank Corp’s holdings in UBS Group were worth $481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lavaca Capital LLC bought a new stake in shares of UBS Group in the fourth quarter valued at about $36,000. CWM LLC lifted its stake in shares of UBS Group by 187.3% in the fourth quarter. CWM LLC now owns 2,873 shares of the bank’s stock valued at $36,000 after buying an additional 1,873 shares during the period. Cozad Asset Management Inc. bought a new stake in shares of UBS Group in the fourth quarter valued at about $138,000. MAI Capital Management lifted its stake in shares of UBS Group by 12.4% in the fourth quarter. MAI Capital Management now owns 13,234 shares of the bank’s stock valued at $164,000 after buying an additional 1,458 shares during the period. Finally, Cerebellum GP LLC bought a new position in UBS Group during the fourth quarter worth about $184,000. Institutional investors and hedge funds own 35.14% of the company’s stock.

In other news, major shareholder Group Ag Ubs sold 94,595 shares of UBS Group stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $11.87, for a total value of $1,122,842.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Shares of UBS opened at $12.92 on Wednesday. The stock has a market cap of $49.91 billion, a price-to-earnings ratio of 9.16 and a beta of 1.17. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.01 and a quick ratio of 0.92. UBS Group AG has a 12 month low of $11.60 and a 12 month high of $19.53.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The business had revenue of $6.97 billion for the quarter. UBS Group had a return on equity of 9.80% and a net margin of 12.55%. As a group, sell-side analysts anticipate that UBS Group AG will post 1.41 earnings per share for the current fiscal year.

A number of research analysts have commented on the stock. ValuEngine cut shares of UBS Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Societe Generale cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Royal Bank of Canada restated a “hold” rating on shares of UBS Group in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. UBS Group presently has a consensus rating of “Hold”.

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About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

Further Reading: Stochastic Momentum Index (SMI)

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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