Mackenzie Financial Corp Boosts Stock Position in UBS Group AG (NYSE:UBS)

Mackenzie Financial Corp lifted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,778,047 shares of the bank's stock after buying an additional 14,817 shares during the quarter. Mackenzie Financial Corp owned 0.06% of UBS Group worth $53,910,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of UBS. Rakuten Securities Inc. purchased a new stake in shares of UBS Group during the 4th quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in UBS Group during the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of UBS Group in the 4th quarter worth approximately $41,000. Continuum Advisory LLC raised its holdings in shares of UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in UBS Group by 27.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after purchasing an additional 482 shares during the period.

UBS Group Stock Performance

NYSE:UBS traded down $0.42 during mid-day trading on Wednesday, hitting $31.62. 2,012,010 shares of the stock were exchanged, compared to its average volume of 2,345,580. The stock has a market capitalization of $101.39 billion, a price-to-earnings ratio of 20.80 and a beta of 1.15. The firm's 50-day simple moving average is $30.34 and its 200 day simple moving average is $31.86. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. As a group, equities analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UBS. Royal Bank of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Wedbush reiterated a "neutral" rating on shares of UBS Group in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

UBS Group Company 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.