Canada Pension Plan Investment Board Purchases 843,903 Shares of UBS Group AG (NYSE:UBS)

Canada Pension Plan Investment Board boosted its position in shares of UBS Group AG (NYSE:UBS) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,630,819 shares of the bank’s stock after acquiring an additional 843,903 shares during the period. Canada Pension Plan Investment Board owned 0.27% of UBS Group worth $254,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBS. Vanguard Group Inc. raised its position in shares of UBS Group by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock worth $3,522,067,000 after buying an additional 7,249,527 shares in the last quarter. M&G Plc bought a new position in UBS Group in the 1st quarter worth about $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after acquiring an additional 5,508,422 shares in the last quarter. Capital World Investors boosted its position in shares of UBS Group by 10.5% during the 4th quarter. Capital World Investors now owns 37,059,828 shares of the bank’s stock valued at $1,151,033,000 after acquiring an additional 3,523,105 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of UBS Group by 72.7% during the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock worth $250,360,000 after purchasing an additional 3,421,396 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UBS shares. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday. They issued a “neutral” rating on the stock. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Stock Performance

Shares of NYSE UBS opened at $30.41 on Friday. The stock’s 50-day moving average is $29.95 and its 200 day moving average is $30.02. The stock has a market cap of $97.51 billion, a price-to-earnings ratio of 3.31 and a beta of 1.15. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period last year, the business earned $1.88 earnings per share. On average, sell-side analysts anticipate that UBS Group AG will post 1.02 EPS for the current fiscal year.

UBS Group Company 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.