Cardinal Capital Management raised its holdings in UBS Group AG (NYSE:UBS) by 12.1% during the first quarter, Holdings Channel reports. The fund owned 101,479 shares of the bank’s stock after purchasing an additional 10,971 shares during the period. Cardinal Capital Management’s holdings in UBS Group were worth $1,228,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox bought a new position in UBS Group in the third quarter valued at about $1,666,752,000. Jane Street Group LLC grew its position in UBS Group by 56.8% in the third quarter. Jane Street Group LLC now owns 45,912 shares of the bank’s stock valued at $722,000 after acquiring an additional 16,637 shares during the last quarter. Cerebellum GP LLC bought a new position in UBS Group in the fourth quarter valued at about $184,000. Assenagon Asset Management S.A. bought a new position in UBS Group in the fourth quarter valued at about $75,150,000. Finally, Rhumbline Advisers bought a new position in UBS Group in the third quarter valued at about $196,000. Hedge funds and other institutional investors own 37.18% of the company’s stock.

UBS has been the topic of a number of recent analyst reports. ValuEngine upgraded UBS Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Societe Generale lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Zacks Investment Research raised UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Credit Suisse Group reissued an “outperform” rating on shares of UBS Group in a research note on Thursday, February 21st. Finally, Royal Bank of Canada reissued a “hold” rating on shares of UBS Group in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

Shares of UBS Group stock traded up $0.25 during midday trading on Thursday, reaching $12.72. The company had a trading volume of 3,808,218 shares, compared to its average volume of 3,016,858. UBS Group AG has a fifty-two week low of $11.60 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $48.06 billion, a P/E ratio of 9.02 and a beta of 1.14.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). The business had revenue of $6.97 billion during the quarter. UBS Group had a net margin of 12.55% and a return on equity of 9.82%. Equities analysts anticipate that UBS Group AG will post 1.33 earnings per share for the current fiscal year.

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About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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