The Manufacturers Life Insurance Company Lowers Stock Position in UBS Group AG (NYSE:UBS)

The Manufacturers Life Insurance Company reduced its stake in UBS Group AG (NYSE:UBSFree Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,471,509 shares of the bank’s stock after selling 8,083 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in UBS Group were worth $45,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. Anchor Investment Management LLC bought a new position in UBS Group during the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC grew its position in UBS Group by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after acquiring an additional 512 shares during the last quarter. First Horizon Advisors Inc. grew its position in UBS Group by 91.2% during the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after acquiring an additional 736 shares during the last quarter. Naples Money Management LLC bought a new position in UBS Group during the fourth quarter valued at approximately $51,000. Finally, Global Retirement Partners LLC grew its position in UBS Group by 24.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after acquiring an additional 402 shares during the last quarter.

UBS Group Trading Up 0.2 %

UBS opened at $31.30 on Thursday. The stock has a 50-day moving average price of $29.51 and a 200-day moving average price of $29.34. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. UBS Group AG has a 1 year low of $19.25 and a 1 year high of $32.13.

UBS Group (NYSE:UBSGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.29. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. On average, equities research analysts anticipate that UBS Group AG will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBS. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Citigroup cut shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. Finally, Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on UBS

UBS Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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