Fiera Capital Corp Increases Position in UBS Group AG $UBS

Fiera Capital Corp grew its position in UBS Group AG (NYSE:UBS) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,885 shares of the bank’s stock after purchasing an additional 35,894 shares during the quarter. Fiera Capital Corp’s holdings in UBS Group were worth $8,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP acquired a new position in shares of UBS Group during the 2nd quarter worth about $28,000. Quarry LP purchased a new stake in UBS Group during the first quarter worth approximately $37,000. Westside Investment Management Inc. lifted its stake in UBS Group by 535.2% during the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after purchasing an additional 958 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after purchasing an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in UBS Group in the second quarter valued at approximately $65,000.

UBS Group Stock Down 1.3%

Shares of NYSE:UBS opened at $39.10 on Friday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $125.37 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.66 and a beta of 1.20. The firm has a fifty day moving average price of $39.81 and a 200 day moving average price of $36.67.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

UBS has been the subject of several research analyst reports. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. BNP Paribas downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.