Ontario Teachers Pension Plan Board Buys Shares of 185,857 UBS Group AG (NYSE:UBS)

Ontario Teachers Pension Plan Board bought a new stake in shares of UBS Group AG (NYSE:UBS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 185,857 shares of the bank’s stock, valued at approximately $3,919,000.

Other hedge funds have also added to or reduced their stakes in the company. Scoggin Management LP purchased a new stake in UBS Group during the 1st quarter valued at $2,134,000. FMR LLC increased its stake in shares of UBS Group by 56.3% in the 1st quarter. FMR LLC now owns 35,824,103 shares of the bank’s stock worth $762,065,000 after purchasing an additional 12,907,622 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of UBS Group in the 4th quarter worth $1,454,000. Point Break Capital Management LLC purchased a new stake in shares of UBS Group in the 1st quarter worth $5,245,000. Finally, CVA Family Office LLC purchased a new stake in shares of UBS Group in the 4th quarter worth $224,000. 36.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBS. StockNews.com began coverage on UBS Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley began coverage on UBS Group in a research note on Tuesday, June 27th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.59.

UBS Group Price Performance

Shares of UBS traded up $0.26 during midday trading on Wednesday, hitting $26.05. 2,226,385 shares of the company traded hands, compared to its average volume of 3,593,140. The firm has a 50 day moving average of $22.92 and a 200-day moving average of $21.15. UBS Group AG has a 52 week low of $13.80 and a 52 week high of $26.97. The stock has a market cap of $90.65 billion, a price-to-earnings ratio of 2.52, a PEG ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.98 and a current ratio of 1.08.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.