Cibc World Market Inc. Boosts Stock Position in UBS Group AG $UBS

Cibc World Market Inc. boosted its holdings in UBS Group AG (NYSE:UBS) by 567.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,457,317 shares of the bank’s stock after acquiring an additional 2,089,335 shares during the period. Cibc World Market Inc.’s holdings in UBS Group were worth $114,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of UBS. AQR Capital Management LLC boosted its position in UBS Group by 73.9% in the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after purchasing an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in UBS Group by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after purchasing an additional 708 shares during the last quarter. NewEdge Advisors LLC boosted its position in UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after purchasing an additional 1,267 shares during the last quarter. Focus Partners Wealth boosted its position in UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in 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 during the last quarter.

UBS Group Stock Down 1.7%

Shares of NYSE UBS opened at $47.33 on Thursday. UBS Group AG has a one year low of $30.36 and a one year high of $49.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The business’s fifty day moving average price is $43.30 and its 200-day moving average price is $43.00. The stock has a market capitalization of $147.84 billion, a PE ratio of 16.96, a P/E/G ratio of 0.83 and a beta of 1.19.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. On average, equities research analysts anticipate that UBS Group AG will post 3.25 EPS for the current year.

Analyst Upgrades and Downgrades

UBS has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.30.

About UBS Group

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.