UBS Group AG $UBS Shares Sold by Royal Bank of Canada

Key Points

• The Royal Bank of Canada reduced its stake in UBS Group AG by 9.4% in the first quarter, owning approximately 0.24% of the bank worth $232 million after selling over 784,000 shares.
• Several other institutional investors, including Dorsey & Whitney Trust and Allianz SE, increased their holdings in UBS Group during the same period.
• Analysts have generally rated UBS Group stock positively, with a consensus rating of "Moderate Buy", following upgrades from major firms like Bank of America and Jefferies Financial Group.

Royal Bank of Canada trimmed its position in UBS Group AG (NYSE:UBS - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,575,602 shares of the bank's stock after selling 784,182 shares during the quarter. Royal Bank of Canada owned about 0.24% of UBS Group worth $232,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of UBS Group in the first quarter worth about $37,000. Nomura Holdings Inc. purchased a new position in shares of UBS Group in the first quarter worth about $252,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of UBS Group by 14.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 10,968 shares of the bank's stock worth $336,000 after purchasing an additional 1,380 shares during the last quarter. Vident Advisory LLC raised its stake in shares of UBS Group by 10.1% in the first quarter. Vident Advisory LLC now owns 124,393 shares of the bank's stock worth $3,798,000 after purchasing an additional 11,384 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of UBS Group by 8.0% in the first quarter. Evergreen Capital Management LLC now owns 30,188 shares of the bank's stock worth $925,000 after purchasing an additional 2,237 shares during the last quarter.

UBS Group Price Performance

Shares of UBS traded down $0.06 during trading hours on Friday, hitting $40.38. 2,085,554 shares of the stock were exchanged, compared to its average volume of 1,633,942. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $40.90. The company has a market cap of $129.46 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The stock's 50-day moving average price is $37.89 and its two-hundred day moving average price is $33.68.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on UBS shares. Citigroup reiterated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. 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 issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

About UBS Group

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.