BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $210,000 Holdings in UBS Group AG (NYSE:UBS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of UBS Group AG (NYSE:UBS) by 9.4% during the second quarter, Holdings Channel.com reports. The firm owned 7,135 shares of the bank’s stock after selling 736 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in UBS Group were worth $210,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBS. Drive Wealth Management LLC raised its holdings in UBS Group by 3.2% during the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after buying an additional 349 shares during the last quarter. D Orazio & Associates Inc. lifted its position in UBS Group by 3.5% in the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after acquiring an additional 381 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in UBS Group by 11.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after acquiring an additional 420 shares in the last quarter. Parallel Advisors LLC boosted its stake in UBS Group by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after purchasing an additional 420 shares during the last quarter. Finally, Traveka Wealth LLC increased its holdings in UBS Group by 6.2% during the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UBS Group has an average rating of “Hold”.

UBS Group Stock Performance

UBS stock opened at $31.03 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm has a market cap of $99.50 billion, a PE ratio of 3.38 and a beta of 1.15. The business has a 50 day moving average of $29.89 and a 200-day moving average of $30.03. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.13.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.22. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same period last year, the firm posted $1.88 EPS. As a group, sell-side analysts expect that UBS Group AG will post 1.36 earnings per share for the current 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.