Franklin Resources Inc. Lowers Holdings in UBS Group AG (NYSE:UBS)

Franklin Resources Inc. trimmed its holdings in UBS Group AG (NYSE:UBS) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,332,626 shares of the bank’s stock after selling 206,517 shares during the period. Franklin Resources Inc.’s holdings in UBS Group were worth $43,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 33,089 shares in the last quarter. Toronto Dominion Bank lifted its position 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 valued at $8,044,000 after acquiring an additional 201,809 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of UBS Group in the third quarter valued at about $23,884,000. Legal & General Group Plc lifted its position in shares of UBS Group by 11,313.2% in the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of UBS Group by 117.1% in the third quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock valued at $4,703,000 after acquiring an additional 82,062 shares in the last quarter.

UBS Group Price Performance

NYSE:UBS opened at $31.40 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The company has a market capitalization of $100.68 billion, a P/E ratio of 26.17 and a beta of 1.14. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $33.34. The business’s 50-day moving average is $32.03 and its 200 day moving average is $30.89.

UBS Group (NYSE:UBS) last posted its 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 the consensus estimate of $11.20 billion. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, equities research analysts forecast that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They issued 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, UBS Group has an average rating of “Moderate Buy”.

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.