Cardinal Capital Management Grows Holdings in UBS Group AG (NYSE:UBS)

Cardinal Capital Management boosted its stake in UBS Group AG (NYSE:UBS) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,479 shares of the bank’s stock after acquiring 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBS. Capital Insight Partners LLC lifted its position in shares of UBS Group by 4.2% in the first quarter. Capital Insight Partners LLC now owns 52,114 shares of the bank’s stock worth $631,000 after purchasing an additional 2,098 shares in the last quarter. Deutsche Bank AG lifted its position in shares of UBS Group by 19.5% in the fourth quarter. Deutsche Bank AG now owns 31,318,530 shares of the bank’s stock worth $387,716,000 after purchasing an additional 5,111,340 shares in the last quarter. Norges Bank purchased a new stake in shares of UBS Group in the fourth quarter worth approximately $1,173,773,000. FMR LLC increased its holdings in UBS Group by 16.2% in the fourth quarter. FMR LLC now owns 42,708,454 shares of the bank’s stock worth $530,359,000 after buying an additional 5,966,426 shares during the last quarter. Finally, Insight 2811 Inc. increased its holdings in UBS Group by 67.7% in the fourth quarter. Insight 2811 Inc. now owns 53,575 shares of the bank’s stock worth $663,000 after buying an additional 21,626 shares during the last quarter. 37.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on UBS shares. Royal Bank of Canada restated a “hold” rating on shares of UBS Group in a report on Wednesday, January 23rd. Societe Generale downgraded shares of 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 report on Saturday, January 5th. FIG Partners cut UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods cut UBS Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold”.

Shares of NYSE UBS opened at $13.33 on Friday. The firm has a market cap of $51.38 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 1.21 and a beta of 1.18. UBS Group AG has a 52-week low of $11.60 and a 52-week high of $16.68. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.00 and a quick ratio of 1.00.

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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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