Massachusetts Financial Services Co. MA Has $2.82 Billion Stock Position in UBS Group AG (NYSE:UBS)

Massachusetts Financial Services Co. MA decreased its stake in UBS Group AG (NYSE:UBS) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 owned approximately 2.85% of UBS Group worth $2,820,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commerce Bank increased its holdings in UBS Group by 3.9% during the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after purchasing an additional 346 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of UBS Group by 3.2% during the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after purchasing an additional 349 shares during the last quarter. Rosenberg Matthew Hamilton raised 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 purchasing an additional 355 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of UBS Group by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after buying an additional 420 shares during the last quarter. Finally, Traveka Wealth LLC grew its stake in shares of UBS Group by 6.2% in the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock valued at $221,000 after buying an additional 435 shares in the last quarter.

Analyst Ratings Changes

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

UBS Group Stock Down 0.1 %

UBS opened at $31.83 on Thursday. UBS Group AG has a fifty-two week low of $25.94 and a fifty-two week high of $33.34. The stock has a fifty day moving average of $31.42 and a 200-day moving average of $30.64. The company has a market capitalization of $102.06 billion, a P/E ratio of 26.53 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter last year, the business earned ($0.24) earnings per share. On average, equities analysts expect that UBS Group AG will post 1.73 EPS for the current 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.