Caisse DE Depot ET Placement DU Quebec Reduces Position in UBS Group AG (NYSE:UBS)

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 880,668 shares of the bank's stock after selling 871,201 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in UBS Group were worth $26,943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in UBS Group during the fourth quarter worth $5,594,066,000. Vanguard Group Inc. boosted its stake in UBS Group by 1.0% during the fourth 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 increased its position in shares of 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 acquiring an additional 12,609,616 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of UBS Group by 18.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after acquiring an additional 5,555,624 shares during the last quarter. Finally, Amundi boosted its position in shares of UBS Group by 0.6% during the 4th quarter. Amundi now owns 16,751,961 shares of the bank's stock worth $543,936,000 after purchasing an additional 95,712 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UBS. Morgan Stanley cut UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Stock Down 0.2 %

Shares of UBS traded down $0.06 during midday trading on Tuesday, reaching $30.72. The stock had a trading volume of 1,542,334 shares, compared to its average volume of 2,276,772. The company has a market cap of $98.49 billion, a price-to-earnings ratio of 20.21 and a beta of 1.15. The company's fifty day simple moving average is $30.68 and its two-hundred day simple moving average is $31.86. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. Equities research analysts expect 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.