The Manufacturers Life Insurance Company Increases Stock Position in UBS Group AG (NYSE:UBS)

The Manufacturers Life Insurance Company lifted its position in shares of UBS Group AG (NYSE:UBS) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,409,585 shares of the bank’s stock after acquiring an additional 18,918 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in UBS Group were worth $43,702,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 worth $1,591,242,000 after acquiring an additional 5,508,422 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after acquiring an additional 851,231 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of UBS Group by 20.3% during the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock worth $287,803,000 after acquiring an additional 1,649,115 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of UBS Group by 10.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,630,819 shares of the bank’s stock worth $254,045,000 after acquiring an additional 843,903 shares in the last quarter.

UBS Group Stock Up 0.5 %

Shares of UBS Group stock opened at $31.34 on Friday. The company has a fifty day moving average price of $31.64 and a 200 day moving average price of $30.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $33.34. The stock has a market cap of $100.49 billion, a price-to-earnings ratio of 26.12 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the company earned ($0.24) EPS. Equities research analysts forecast that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBS has been the subject of several research reports. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.