UBS Group AG (NYSE:UBS) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in UBS Group AG (NYSE:UBS - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 280,806 shares of the bank's stock after selling 10,958 shares during the quarter. M&T Bank Corp's holdings in UBS Group were worth $8,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of UBS Group during the 4th quarter valued at about $5,594,066,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in UBS Group by 162.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock worth $858,359,000 after purchasing an additional 17,525,749 shares during the last quarter. FMR LLC raised its stake in UBS Group by 29.4% during the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock worth $1,695,087,000 after purchasing an additional 12,609,616 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of UBS Group in the 4th quarter valued at $233,591,000. Finally, SIH Partners LLLP acquired a new stake in shares of UBS Group during the 4th quarter worth $214,546,000.

UBS Group Stock Performance

UBS traded up $0.31 during trading hours on Thursday, hitting $36.11. 2,226,460 shares of the stock were exchanged, compared to its average volume of 2,464,371. The stock has a 50-day simple moving average of $32.44 and a 200-day simple moving average of $32.08. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $36.23. The stock has a market cap of $115.77 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

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.