Freedom Investment Management Inc. Has $422,000 Stake in UBS Group AG (NYSE:UBS)

Freedom Investment Management Inc. reduced its stake in shares of UBS Group AG (NYSE:UBS) by 4.6% in the 3rd quarter, Holdings Channel reports. The firm owned 13,641 shares of the bank’s stock after selling 658 shares during the quarter. Freedom Investment Management Inc.’s holdings in UBS Group were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank lifted its stake in shares of UBS Group by 286.3% in the second quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after acquiring an additional 201,809 shares during the period. Legal & General Group Plc lifted its position in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Cetera Investment Advisers boosted its stake in shares of UBS Group by 206.3% in the 1st quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock valued at $1,998,000 after purchasing an additional 43,800 shares during the last quarter. AQR Capital Management LLC increased its position in shares of UBS Group by 226.8% during the second quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock worth $825,000 after buying an additional 19,382 shares during the period. Finally, Fiera Capital Corp increased its position in shares of UBS Group by 81.4% during the third quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock worth $3,446,000 after buying an additional 50,041 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on UBS shares. Bank of America initiated coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 3.2 %

Shares of NYSE UBS opened at $32.34 on Friday. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $33.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a market cap of $103.70 billion, a PE ratio of 26.95 and a beta of 1.15. The company’s fifty day simple moving average is $31.69 and its 200 day simple moving average is $30.76.

UBS Group (NYSE:UBS) last issued 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 company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period last year, the business posted ($0.24) EPS. As a group, sell-side analysts forecast 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.