Cibc World Market Inc. Acquires 2,089,335 Shares of UBS Group AG $UBS

Cibc World Market Inc. boosted its holdings in UBS Group AG (NYSE:UBS) by 567.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,457,317 shares of the bank’s stock after purchasing an additional 2,089,335 shares during the quarter. Cibc World Market Inc. owned about 0.08% of UBS Group worth $114,757,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Sivia Capital Partners LLC increased its holdings in UBS Group by 54.4% in the fourth quarter. Sivia Capital Partners LLC now owns 22,206 shares of the bank’s stock worth $1,028,000 after purchasing an additional 7,827 shares in the last quarter. Greenspring Advisors LLC bought a new stake in UBS Group in the fourth quarter worth approximately $301,000. Transatlantique Private Wealth LLC increased its holdings in UBS Group by 7.8% in the fourth quarter. Transatlantique Private Wealth LLC now owns 60,399 shares of the bank’s stock worth $2,816,000 after purchasing an additional 4,391 shares in the last quarter. Natixis Advisors LLC increased its holdings in UBS Group by 18.3% in the fourth quarter. Natixis Advisors LLC now owns 4,332,234 shares of the bank’s stock worth $200,626,000 after purchasing an additional 670,001 shares in the last quarter. Finally, Channing Global Advisors LLC increased its holdings in UBS Group by 1.8% in the fourth quarter. Channing Global Advisors LLC now owns 685,636 shares of the bank’s stock worth $31,978,000 after purchasing an additional 12,227 shares in the last quarter.

Analysts Set New Price Targets

UBS has been the subject of several recent research reports. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Weiss Ratings downgraded UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Finally, Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $60.30.

UBS Group Stock Down 1.7%

Shares of NYSE:UBS opened at $47.33 on Thursday. The stock has a market cap of $147.84 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.83 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. UBS Group AG has a 12-month low of $30.36 and a 12-month high of $49.36. The business’s 50 day moving average is $43.30 and its 200 day moving average is $43.00.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. On average, sell-side analysts forecast that UBS Group AG will post 3.25 earnings per share for the current fiscal year.

UBS Group Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.