M&T Bank Corp Has $8.61 Million Stock Holdings in UBS Group AG (NYSE:UBS)

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

Several other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of UBS Group during the fourth quarter valued at $5,594,066,000. Vanguard Group Inc. raised its holdings in UBS Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock worth $3,915,512,000 after buying an additional 1,296,428 shares during the period. FMR LLC lifted 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 valued at $1,695,087,000 after buying an additional 12,609,616 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after buying an additional 5,555,624 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of UBS Group by 162.6% in 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 acquiring an additional 17,525,749 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBS. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Citigroup restated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Stock Down 1.1%

Shares of UBS Group stock traded down $0.39 on Friday, hitting $35.72. 1,497,486 shares of the company traded hands, compared to its average volume of 2,471,882. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $36.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. The company has a market cap of $114.53 billion, a PE ratio of 23.66, a PEG ratio of 0.94 and a beta of 1.15. The company has a 50-day moving average price of $32.66 and a 200 day moving average price of $32.16.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.19 billion. Sell-side analysts predict that UBS Group AG will post 1.9 earnings per share 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.