TD Asset Management Inc Grows Stake in UBS Group AG $UBS

Key Points

• TD Asset Management Inc increased its stake in UBS Group AG by 3.0%, owning 1,114,841 shares valued at approximately $37.6 million as of the second quarter.
• UBS received mixed ratings from analysts, with some maintaining a "buy" rating while others downgraded it to a "sell."
• In a recent earnings report, UBS reported earnings per share of $0.72, exceeding analysts’ expectations of $0.70 and generating revenues of $11.55 billion.

TD Asset Management Inc grew its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114,841 shares of the bank's stock after purchasing an additional 32,968 shares during the period. TD Asset Management Inc's holdings in UBS Group were worth $37,607,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UBS. Dorsey & Whitney Trust CO LLC boosted its position in UBS Group by 1.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock valued at $640,000 after buying an additional 358 shares during the period. First National Bank of Hutchinson boosted its position in UBS Group by 3.1% during the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock valued at $379,000 after buying an additional 367 shares during the period. Allianz SE boosted its position in UBS Group by 3.2% during the first quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after buying an additional 380 shares during the period. Kestra Advisory Services LLC boosted its position in UBS Group by 0.3% during the first quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock valued at $4,453,000 after buying an additional 386 shares during the period. Finally, Impact Capital Partners LLC boosted its position in UBS Group by 4.1% during the second quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank's stock valued at $338,000 after buying an additional 394 shares during the period.

Analysts Set New Price Targets

UBS has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

UBS Group Price Performance

UBS stock opened at $38.89 on Friday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The company has a market cap of $124.70 billion, a P/E ratio of 20.58, a PEG ratio of 0.63 and a beta of 1.18. The firm has a 50-day moving average of $40.43 and a 200 day moving average of $35.22. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The business had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the firm earned $0.34 earnings per share. On average, sell-side 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.

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