Toronto Dominion Bank Has $2.17 Million Stake in UBS Group AG (NYSE:UBS)

Toronto Dominion Bank cut its stake in UBS Group AG (NYSE:UBS) by 95.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,500 shares of the bank’s stock after selling 1,331,441 shares during the period. Toronto Dominion Bank’s holdings in UBS Group were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in UBS. Opal Wealth Advisors LLC bought a new position in shares of UBS Group during the first quarter worth about $42,000. RFP Financial Group LLC raised its holdings in shares of UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in UBS Group by 91.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after purchasing an additional 736 shares during the last quarter. Finally, Naples Money Management LLC bought a new position in UBS Group in the fourth quarter valued at $51,000.

UBS Group Stock Up 1.3 %

UBS Group stock opened at $30.55 on Friday. UBS Group AG has a fifty-two week low of $21.34 and a fifty-two week high of $32.13. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $97.96 billion, a PE ratio of 3.33 and a beta of 1.16. The company’s 50-day moving average is $30.66 and its 200-day moving average is $29.77.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.29. The business had revenue of $12.74 billion during the quarter, compared to the consensus estimate of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. Sell-side analysts anticipate that UBS Group AG will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

UBS has been the subject of a number of recent research reports. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

About UBS Group

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.