Caisse DE Depot ET Placement DU Quebec Increases Stake in UBS Group AG (NYSE:UBS)

Caisse DE Depot ET Placement DU Quebec raised its position in UBS Group AG (NYSE:UBS) by 11.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,751,869 shares of the bank’s stock after purchasing an additional 181,219 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.05% of UBS Group worth $54,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commerce Bank increased its position in shares of UBS Group by 3.9% during the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after purchasing an additional 346 shares during the last quarter. Drive Wealth Management LLC grew its position in UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after acquiring an additional 349 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after buying an additional 355 shares in the last quarter. Parallel Advisors LLC grew its position in shares of UBS Group by 2.6% during the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock worth $489,000 after buying an additional 420 shares in the last quarter. Finally, Traveka Wealth LLC grew its position in shares of UBS Group by 6.2% during the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after buying an additional 435 shares in the last quarter.

UBS Group Price Performance

UBS stock opened at $32.34 on Friday. The business has a 50 day moving average price of $31.69 and a 200 day moving average price of $30.76. The stock has a market cap of $103.70 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Equities research analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBS shares. Bank of America started coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.