Royal Bank of Canada Raises Stake in UBS Group AG (NYSE:UBS)

Royal Bank of Canada increased its stake in shares of UBS Group AG (NYSE:UBS) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,359,784 shares of the bank’s stock after buying an additional 371,868 shares during the period. Royal Bank of Canada’s holdings in UBS Group were worth $253,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Berbice Capital Management LLC bought a new position in UBS Group in the 4th quarter worth about $27,000. Rakuten Securities Inc. bought a new position in UBS Group in the 4th quarter worth about $30,000. Headlands Technologies LLC bought a new position in UBS Group in the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in UBS Group in the 4th quarter worth about $41,000. Finally, Farther Finance Advisors LLC increased its stake in UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock worth $68,000 after acquiring an additional 482 shares during the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS opened at $33.02 on Friday. The stock has a market cap of $105.86 billion, a price-to-earnings ratio of 21.72 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The stock’s 50-day moving average is $30.42 and its 200 day moving average is $31.85.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. On average, sell-side analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Monday, May 12th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods raised UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. Morgan Stanley cut UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.