TD Asset Management Inc Boosts Position in UBS Group AG (NYSE:UBS)

TD Asset Management Inc grew its position in UBS Group AG (NYSE:UBS) by 9.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,335,628 shares of the bank’s stock after purchasing an additional 116,412 shares during the period. TD Asset Management Inc’s holdings in UBS Group were worth $39,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBS. Nisa Investment Advisors LLC acquired a new stake in UBS Group in the 2nd quarter valued at about $41,000. Opal Wealth Advisors LLC acquired a new stake in shares of UBS Group in the first quarter valued at approximately $42,000. RFP Financial Group LLC increased its stake in shares of UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC raised its position in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in UBS Group in the 1st quarter valued at approximately $51,000.

UBS Group Price Performance

NYSE:UBS opened at $28.53 on Friday. The firm has a market cap of $91.48 billion, a price-to-earnings ratio of 3.11 and a beta of 1.15. UBS Group AG has a 12-month low of $23.23 and a 12-month 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. The company’s 50-day moving average is $30.11 and its two-hundred day moving average is $29.96.

UBS Group (NYSE:UBS) last announced its quarterly earnings data 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 business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Research analysts expect that UBS Group AG will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.