Rockefeller Capital Management L.P. Sells 5,821 Shares of UBS Group AG (NYSE:UBS)

Rockefeller Capital Management L.P. cut its holdings in UBS Group AG (NYSE:UBS) by 31.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,833 shares of the bank’s stock after selling 5,821 shares during the period. Rockefeller Capital Management L.P.’s holdings in UBS Group were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of UBS Group during the 2nd quarter valued at about $41,000. Benjamin F. Edwards & Company Inc. grew its position in UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in UBS Group during the second quarter valued at approximately $50,000. FSC Wealth Advisors LLC bought a new position in UBS Group in the third quarter worth approximately $71,000. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after acquiring an additional 355 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UBS shares. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of NYSE UBS opened at $31.69 on Wednesday. UBS Group AG has a 1 year low of $26.00 and a 1 year high of $33.34. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $101.61 billion, a PE ratio of 26.41 and a beta of 1.14. The firm has a fifty day moving average price of $31.92 and a 200-day moving average price of $30.86.

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

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.