Cibc World Market Inc. Purchases 17,666 Shares of UBS Group AG $UBS

Cibc World Market Inc. grew its position in UBS Group AG (NYSE:UBSFree Report) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 367,982 shares of the bank’s stock after buying an additional 17,666 shares during the quarter. Cibc World Market Inc.’s holdings in UBS Group were worth $15,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UBS. AQR Capital Management LLC raised its position in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after buying an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after acquiring an additional 708 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after purchasing an additional 1,267 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, UBS Group presently has an average rating of “Moderate Buy” and an average target price of $60.30.

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More UBS Group News

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UBS Group Trading Down 0.0%

NYSE:UBS opened at $42.25 on Friday. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $49.36. The firm’s fifty day moving average is $45.91 and its 200-day moving average is $41.64. The firm has a market cap of $131.99 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.41 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.02.

UBS Group (NYSE:UBSGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd.

About UBS Group

(Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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