TD Waterhouse Canada Inc. Buys 231,239 Shares of UBS Group AG $UBS

Key Points

• TD Waterhouse Canada purchased 231,239 UBS Group shares worth approximately $10.9 million during the third quarter, while several other institutional investors also increased or initiated positions.
• Analysts remain broadly positive, with several “buy” recommendations and an average price target of $60.30, although MarketBeat’s overall consensus rating is “Hold.”
• UBS shares opened at $47.65, below the $60.30 average target; the bank recently missed quarterly earnings and revenue estimates despite reporting 13.2% year-over-year revenue growth.

TD Waterhouse Canada Inc. bought a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 231,239 shares of the bank's stock, valued at approximately $10,943,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aspiriant LLC bought a new stake in UBS Group in the 3rd quarter worth about $208,000. Assenagon Asset Management S.A. lifted its stake in UBS Group by 43.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank's stock valued at $1,144,417,000 after acquiring an additional 7,180,461 shares during the period. Ninety One UK Ltd lifted its stake in UBS Group by 4.7% during the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank's stock valued at $360,437,000 after acquiring an additional 336,264 shares during the period. Ninety One North America Inc. bought a new position in UBS Group during the 3rd quarter valued at about $5,674,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of UBS Group during the 3rd quarter valued at about $220,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a "buy" rating on shares of UBS Group in a research note on Wednesday, September 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of UBS Group in a report on Friday, July 31st. Royal Bank Of Canada restated a "buy" rating on shares of UBS Group in a research report on Monday, September 28th. Zacks Research upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Friday, October 2nd. Finally, DZ Bank restated a "buy" rating on shares of UBS Group in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $60.30.

UBS Group Price Performance

Shares of UBS opened at $47.65 on Monday. UBS Group AG has a one year low of $36.29 and a one year high of $55.99. The firm has a market capitalization of $148.84 billion, a P/E ratio of 16.21, a PEG ratio of 0.72 and a beta of 1.21. The business has a fifty day moving average of $51.55 and a 200 day moving average of $48.99.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. Analysts expect that UBS Group AG will post 3.59 EPS for the current fiscal year.

Trending Headlines about UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: UBS is reportedly evaluating options to mitigate the impact of proposed capital rules, including moving its headquarters from Switzerland. A relocation could potentially reduce regulatory burdens and improve capital efficiency, although no decision has been announced. UK government courted UBS over London HQ move
• Neutral Sentiment: The UK government is courting UBS to move its London headquarters, highlighting the strategic importance of the bank’s domicile as it weighs the costs of tighter Swiss capital requirements. UK government courted UBS over London HQ move
• Neutral Sentiment: Market reports say UBS is considering several alternatives, including a headquarters move and a possible merger with another bank. The reports are unconfirmed but increase near-term speculation around the group’s strategy. UBS considers strategic options
• Negative Sentiment: Analysts at Erste Group reportedly expect reduced earnings for UBS, adding to concerns about the bank’s profitability and valuation. Erste Group Bank expects reduced earnings for UBS Group
• Negative Sentiment: UBS shares have entered a technical correction, falling more than 12% from their 2026 peak. The decline reflects worsening investor sentiment as the market weighs regulatory and earnings risks. UBS share price warning pattern
• Neutral Sentiment: UBS forecasts that stronger-than-expected inflation could keep the Federal Reserve tightening monetary policy through a March rate hike. Higher rates may support some banking income but could also weigh on markets, deal activity, and credit demand. UBS extends Fed tightening forecast

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.