Caisse DE Depot ET Placement DU Quebec Reduces Stock Position in UBS Group AG $UBS

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in UBS Group AG by 53.6% in the first quarter, selling 472,267 shares, leaving it with 408,401 shares valued at approximately $12.4 million.
• UBS Group AG reported earnings of $0.72 per share for the last quarter, surpassing analyst expectations, with revenue reaching $11.55 billion, well above the estimated $9.77 billion.
• Several hedge funds adjusted their positions in UBS Group, with notable increases from Wealth Enhancement Advisory Services LLC and GAMMA Investing LLC, the latter boosting its holdings by an impressive 2,963% during the same period.

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 53.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408,401 shares of the bank's stock after selling 472,267 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in UBS Group were worth $12,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. City Holding Co. bought a new stake in shares of UBS Group during the first quarter worth about $25,000. Grove Bank & Trust bought a new stake in shares of UBS Group during the first quarter worth about $28,000. Berbice Capital Management LLC grew its position in UBS Group by 44.4% in the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares in the last quarter. Rakuten Securities Inc. grew its position in UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after purchasing an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC grew its position in UBS Group by 31.1% in the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares in the last quarter.

Analyst Upgrades and Downgrades

UBS has been the subject of a number of recent analyst reports. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

UBS Group Stock Performance

Shares of UBS Group stock traded down $0.10 on Monday, reaching $40.51. 1,240,890 shares of the company traded hands, compared to its average volume of 1,789,001. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $40.71. The company has a 50 day moving average of $37.11 and a 200 day moving average of $33.46. The firm has a market capitalization of $129.88 billion, a PE ratio of 21.43, a PEG ratio of 0.71 and a beta of 1.21. 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 released 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. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the firm earned $0.34 EPS. Equities analysts forecast 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.