Caisse DE Depot ET Placement DU Quebec Increases Stake in UBS Group AG

Caisse DE Depot ET Placement DU Quebec has increased its investment in UBS Group AG (NYSE: UBS) by 11.5% during the third quarter, as reported in its latest filing with the SEC. After acquiring an additional 181,219 shares, the institutional investor now holds a total of 1,751,869 shares of the bank's stock, which represents 0.05% of UBS Group's total shares, valued at approximately $54,121,000 at the close of the most recent quarter.

Investment Trends Among Institutions

Other institutional investors have also been active in altering their positions in UBS Group. For instance, Commerce Bank boosted its stake by 3.9% during the third quarter, now owning 9,278 shares worth $287,000 after adding 346 shares. Similarly, Drive Wealth Management LLC expanded its position by 3.2% in the second quarter, holding 11,100 shares valued at $328,000 after acquiring 349 more shares.

Rosenberg Matthew Hamilton increased its holdings by 15.6% in the third quarter, now possessing 2,624 shares worth $81,000 after buying 355 additional shares. On the other hand, Parallel Advisors LLC added 2.6% to its position, owning 16,552 shares valued at $489,000 after purchasing 420 shares in the last quarter. Furthermore, Traveka Wealth LLC raised its stake by 6.2% in the second quarter, holding a total of 7,466 shares worth $221,000 after acquiring 435 shares.

UBS Group's Market Performance

As of Friday, UBS stock opened at $32.34. The company has a market capitalization of $103.70 billion, a price-to-earnings ratio of 26.95, and a beta of 1.15. UBS Group AG's stock has been fluctuating, hitting a fifty-two week low of $26.00 and a high of $33.34. The business boasts a quick ratio and a current ratio of 1.05 each, alongside a debt-to-equity ratio of 3.87.

Recent Earnings Report

On October 30, UBS Group reported its quarterly earnings, showing a profit of $0.43 per share, surpassing analysts' consensus estimates of $0.28 by $0.15. The bank recorded a return on equity of 4.69% and a net margin of 5.13%, with total revenue reaching $19.31 billion, much higher than analysts expected. Last year, during the same quarter, UBS reported a loss of $0.24 per share. Analysts forecast that UBS Group AG will achieve earnings of $1.73 per share for the current fiscal year.

Analysts' Insights and Ratings

Overview of UBS Group AG

UBS Group AG is a global financial services company that provides a variety of financial advice and solutions to private, institutional, and corporate clients across the globe. The company operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. Their services include investment advice, estate planning, corporate banking, and various lending solutions.

Investment, Institution, Earnings