Toronto Dominion Bank Grows Position in UBS Group AG (NYSE:UBS)

Toronto Dominion Bank grew its position in shares of UBS Group AG (NYSE:UBS) by 286.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 272,309 shares of the bank’s stock after buying an additional 201,809 shares during the period. Toronto Dominion Bank’s holdings in UBS Group were worth $8,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UBS. Vanguard Group Inc. grew its position in UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock valued at $3,549,063,000 after buying an additional 1,546,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UBS Group by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after acquiring an additional 5,508,422 shares during the period. Capital World Investors increased its stake in shares of UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after purchasing an additional 1,147,836 shares in the last quarter. Pzena Investment Management LLC raised its holdings in UBS Group by 0.9% in the 2nd quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock worth $884,759,000 after purchasing an additional 280,696 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in UBS Group by 5.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,240,888 shares of the bank’s stock worth $410,692,000 after purchasing an additional 663,673 shares in the last quarter.

Analyst Upgrades and Downgrades

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

UBS Group Price Performance

NYSE:UBS opened at $31.03 on Friday. The stock has a 50 day moving average of $29.89 and a two-hundred day moving average of $30.04. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.13. The firm has a market cap of $99.50 billion, a P/E ratio of 3.38 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate 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 return on equity of 2.14% and a net margin of 2.31%. During the same period in the previous year, the business earned $1.88 earnings per share. On average, analysts expect that UBS Group AG will post 1.36 earnings per share for the current fiscal 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.