Royal Bank of Canada Buys 371,868 Shares of UBS Group AG (NYSE:UBS)

Royal Bank of Canada increased its stake in shares of UBS Group AG (NYSE:UBS) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,359,784 shares of the bank’s stock after buying an additional 371,868 shares during the quarter. Royal Bank of Canada owned 0.26% of UBS Group worth $253,467,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Timber Creek Capital Management LLC grew its holdings in UBS Group by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after buying an additional 311 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in UBS Group by 0.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank’s stock valued at $1,998,000 after purchasing an additional 320 shares during the period. Allworth Financial LP grew its stake in UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after purchasing an additional 334 shares during the period. Independent Advisor Alliance grew its stake in UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock valued at $2,607,000 after purchasing an additional 339 shares during the period. Finally, Lindbrook Capital LLC grew its stake in UBS Group by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock valued at $341,000 after purchasing an additional 345 shares during the period.

UBS Group Stock Down 0.8%

Shares of NYSE UBS opened at $33.02 on Friday. UBS Group AG has a one year low of $25.75 and a one year high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The business’s fifty day moving average price is $30.42 and its 200-day moving average price is $31.85. The stock has a market capitalization of $105.86 billion, a PE ratio of 21.72 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $10.19 billion. On average, equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on UBS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Monday, May 12th. Keefe, Bruyette & Woods upgraded UBS Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Bank of America downgraded UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Finally, Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.