UBS Group AG $UBS Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in UBS Group AG by 10.9%, now holding approximately 5.48 million shares valued at $166.4 million.
• Analysts have recently upgraded their ratings on UBS Group, with Bank of America changing its rating from "underperform" to "neutral" and other firms also issuing positive ratings.
• UBS Group reported earnings per share of $0.72 for the quarter, exceeding analyst expectations and demonstrating significant revenue growth compared to the prior year.

Canada Pension Plan Investment Board reduced its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,475,476 shares of the bank's stock after selling 669,743 shares during the quarter. Canada Pension Plan Investment Board owned 0.17% of UBS Group worth $166,408,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. City Holding Co. purchased a new stake in UBS Group during the first quarter worth approximately $25,000. Grove Bank & Trust purchased a new stake in UBS Group during the first quarter worth approximately $28,000. Berbice Capital Management LLC grew its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after buying an additional 400 shares during the period. Rakuten Securities Inc. boosted its stake in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after purchasing an additional 461 shares during the period. Finally, Continuum Advisory LLC boosted its stake in shares of UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after purchasing an additional 477 shares during the period.

Analyst Upgrades and Downgrades

UBS has been the subject of several analyst reports. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of NYSE:UBS traded down $0.10 on Monday, reaching $40.51. 1,240,890 shares of the company's stock were exchanged, compared to its average volume of 1,789,001. The firm has a market capitalization of $129.88 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $40.71. The business's 50-day moving average is $37.30 and its two-hundred day moving average is $33.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

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.