Fiera Capital Corp Buys 50,041 Shares of UBS Group AG (NYSE:UBS)

Fiera Capital Corp raised its stake in UBS Group AG (NYSE:UBS - Free Report) by 81.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,500 shares of the bank's stock after buying an additional 50,041 shares during the period. Fiera Capital Corp's holdings in UBS Group were worth $3,446,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank's stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank's stock worth $1,591,242,000 after purchasing an additional 5,508,422 shares during the period. Legal & General Group Plc lifted its holdings in shares of UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank's stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Capital World Investors lifted its holdings in shares of UBS Group by 3.1% during the first quarter. Capital World Investors now owns 38,207,664 shares of the bank's stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of UBS Group by 0.9% during the second 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.

UBS Group Trading Down 2.2 %

UBS stock traded down $0.74 during midday trading on Friday, hitting $32.34. The stock had a trading volume of 1,739,990 shares, compared to its average volume of 1,418,295. The firm has a market cap of $103.70 billion, a P/E ratio of 26.95 and a beta of 1.15. 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 1-year low of $24.07 and a 1-year high of $33.34. The business has a fifty day moving average price of $31.01 and a two-hundred day moving average price of $30.37.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same quarter in the previous year, the business earned ($0.24) earnings per share. On average, sell-side analysts predict that UBS Group AG will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBS has been the topic of a number of recent research reports. StockNews.com upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a report on Thursday, September 19th. They set a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UBS Group currently has a consensus 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.