BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 8,111 Shares of UBS Group AG $UBS

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in UBS Group AG by 38.4% in Q1, holding 13,019 shares valued at $396,000 after selling 8,111 shares.
• Analysts have varied opinions on UBS, with DZ Bank upgrading it to a "strong-buy" and Morgan Stanley downgrading it to "underweight", while the average rating stands at "Moderate Buy."
• UBS Group reported an earnings per share of $0.72 for the most recent quarter, exceeding expectations and reflecting a significant increase from the $0.34 EPS of the same quarter last year.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 38.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,019 shares of the bank's stock after selling 8,111 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in UBS Group were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. City Holding Co. bought a new stake in UBS Group during the first quarter valued at about $25,000. Grove Bank & Trust bought a new stake in UBS Group during the first quarter valued at about $28,000. Berbice Capital Management LLC raised its holdings in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after acquiring an additional 400 shares during the period. Rakuten Securities Inc. raised its holdings in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after acquiring an additional 461 shares during the period. Finally, Continuum Advisory LLC raised its holdings in UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after acquiring an additional 477 shares during the period.

UBS Group Trading Down 0.2%

Shares of NYSE:UBS traded down $0.10 during trading hours on Friday, hitting $40.51. 1,240,890 shares of the company's stock traded hands, compared to its average volume of 1,911,827. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $40.71. The business has a fifty day moving average price of $37.11 and a 200-day moving average price of $33.46. The firm has a market capitalization of $129.88 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Finally, Zacks Research raised UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

UBS Group 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.