B. Riley Wealth Advisors Inc. Sells 496 Shares of UBS Group AG (NYSE:UBS)

B. Riley Wealth Advisors Inc. cut its holdings in UBS Group AG (NYSE:UBS) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,371 shares of the bank’s stock after selling 496 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in UBS Group were worth $473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after purchasing an additional 3,289,387 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after purchasing an additional 5,508,422 shares during the last quarter. Legal & General Group Plc boosted its position in 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 buying an additional 41,027,134 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of UBS Group by 2.8% during the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after buying an additional 851,231 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after buying an additional 2,307,033 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UBS shares. Bank of America began coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three 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 presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE:UBS opened at $29.81 on Friday. 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 AG has a 52 week low of $26.00 and a 52 week high of $33.34. The firm has a market cap of $95.58 billion, a PE ratio of 24.84 and a beta of 1.14. The firm’s fifty day moving average is $31.96 and its 200-day moving average is $30.88.

UBS Group (NYSE:UBS) last released 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 return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the previous year, the company posted ($0.24) EPS. Sell-side analysts predict that UBS Group AG will post 1.73 earnings per share for the current 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.