Massachusetts Financial Services Co. MA Sells 6,872,714 Shares of UBS Group AG (NYSE:UBS)

Massachusetts Financial Services Co. MA cut its stake in shares of UBS Group AG (NYSE:UBS) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,250,596 shares of the bank’s stock after selling 6,872,714 shares during the quarter. UBS Group accounts for about 0.8% of Massachusetts Financial Services Co. MA’s portfolio, making the stock its 17th largest position. Massachusetts Financial Services Co. MA’s holdings in UBS Group were worth $2,820,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of UBS Group during the second quarter worth $41,000. Benjamin F. Edwards & Company Inc. increased its holdings in UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in UBS Group in the second quarter valued at about $50,000. Opal Wealth Advisors LLC boosted its stake in shares of UBS Group by 56.0% during the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after purchasing an additional 763 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of UBS Group during the third quarter worth about $71,000.

UBS Group Price Performance

UBS Group stock opened at $31.83 on Thursday. The firm has a market cap of $102.06 billion, a P/E ratio of 26.53 and a beta of 1.15. The stock’s 50 day moving average is $31.42 and its 200 day moving average is $30.64. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a one year low of $25.94 and a one year high of $33.34.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, research analysts expect that UBS Group AG will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UBS. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock 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.