Mackenzie Financial Corp Sells 433,275 Shares of UBS Group AG (NYSE:UBS)

Mackenzie Financial Corp cut its position in UBS Group AG (NYSE:UBS) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,848,918 shares of the bank’s stock after selling 433,275 shares during the quarter. Mackenzie Financial Corp’s holdings in UBS Group were worth $54,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBS. Vanguard Group Inc. grew its stake 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 valued at $3,522,067,000 after buying an additional 7,249,527 shares in the last quarter. M&G Plc bought a new position in shares of UBS Group in the first quarter valued at $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares in the last quarter. Capital World Investors grew its stake in shares of UBS Group by 10.5% in the fourth quarter. Capital World Investors now owns 37,059,828 shares of the bank’s stock valued at $1,151,033,000 after buying an additional 3,523,105 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of UBS Group by 72.7% in the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock valued at $250,360,000 after buying an additional 3,421,396 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on UBS. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America started coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

UBS Group Trading Up 0.1 %

UBS stock opened at $31.04 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The company has a fifty day moving average price of $29.89 and a two-hundred day moving average price of $30.05. UBS Group AG has a one year low of $23.23 and a one year high of $32.13. The stock has a market cap of $99.51 billion, a price-to-earnings ratio of 3.38 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The firm had revenue of $11.90 billion during 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 in the previous year, the business posted $1.88 earnings per share. Equities analysts anticipate that UBS Group AG will post 1.36 EPS for the current year.

About UBS Group

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.