Capital Guardian Trust Company Holding in Ubs Group Ag (UBS) Trimmed as Valuation Declined

May 17, 2018 - By Jeanette Kaplan

UBS Group AG (NYSE:UBS) Logo

Capital Guardian Trust Company decreased its stake in Ubs Group Ag (UBS) by 23.37% based on its latest 2017Q4 regulatory filing with the SEC. Capital Guardian Trust Company sold 942,452 shares as the company’s stock declined 4.59% with the market. The institutional investor held 3.09 million shares of the major banks company at the end of 2017Q4, valued at $56.88M, down from 4.03M at the end of the previous reported quarter. Capital Guardian Trust Company who had been investing in Ubs Group Ag for a number of months, seems to be less bullish one the $60.83B market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $16.07. About 1.61 million shares traded. UBS Group AG (NYSE:UBS) has risen 10.64% since May 17, 2017 and is uptrending. It has underperformed by 0.91% the S&P500.

Capital Guardian Trust Company, which manages about $7.06 billion US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 5,293 shares to 56,031 shares, valued at $65.53M in 2017Q4, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 113,948 shares in the quarter, for a total of 196,537 shares, and has risen its stake in Credicorp Ltd (NYSE:BAP).

More notable recent UBS Group AG (NYSE:UBS) news were published by: Bizjournals.com which released: “JPMorgan keeps board, unveils new details on China strategy” on May 15, 2018, also Gurufocus.com with their article: “David Tepper Ousts Apple, Buys Buffett Favorite Wells Fargo” published on May 16, 2018, Seekingalpha.com published: “UBS Is An Income Play” on May 06, 2018. More interesting news about UBS Group AG (NYSE:UBS) were released by: Seekingalpha.com and their article: “UBS slips after cautious outlook” published on April 23, 2018 as well as Globenewswire.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind East West, Southern Copper, UBS Group AG, Scientific Games, Leidos …” with publication date: May 14, 2018.

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