Mackenzie Financial Corp Sells 372,424 Shares of UBS Group AG $UBS

Mackenzie Financial Corp lessened its holdings in UBS Group AG (NYSE:UBS) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 767,981 shares of the bank’s stock after selling 372,424 shares during the period. Mackenzie Financial Corp’s holdings in UBS Group were worth $26,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Coldstream Capital Management Inc. increased its position in UBS Group by 1.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock worth $885,000 after purchasing an additional 290 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of UBS Group by 1.7% during the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock worth $623,000 after buying an additional 310 shares during the last quarter. Werba Rubin Papier Wealth Management increased its holdings in shares of UBS Group by 4.3% during the second quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock worth $284,000 after buying an additional 347 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of UBS Group by 1.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after buying an additional 358 shares in the last quarter. Finally, Allianz SE lifted its stake in shares of UBS Group by 3.2% in the 1st quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after acquiring an additional 380 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBS. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

UBS Group Stock Performance

UBS stock opened at $38.47 on Tuesday. The firm has a market cap of $123.34 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a 50-day moving average price of $39.05 and a 200-day moving average price of $37.31. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56.

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

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.