Synovus Financial Corp Invests $219,000 in UBS Group AG (NYSE:UBS)

Synovus Financial Corp purchased a new position in UBS Group AG (NYSE:UBSGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,408 shares of the bank’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBS. Prospera Financial Services Inc acquired a new position in shares of UBS Group in the 1st quarter worth approximately $64,000. EverSource Wealth Advisors LLC lifted its position in shares of UBS Group by 556.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,697 shares of the bank’s stock worth $93,000 after purchasing an additional 4,829 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of UBS Group by 239.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,431 shares of the bank’s stock worth $106,000 after purchasing an additional 3,833 shares during the period. Selective Wealth Management Inc. lifted its position in shares of UBS Group by 66.5% in the 2nd quarter. Selective Wealth Management Inc. now owns 8,528 shares of the bank’s stock worth $138,000 after purchasing an additional 3,407 shares during the period. Finally, Ascent Group LLC acquired a new position in shares of UBS Group in the 2nd quarter worth approximately $169,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

UBS Group Stock Performance

Shares of UBS stock opened at $18.33 on Tuesday. UBS Group AG has a 12 month low of $13.80 and a 12 month high of $21.49. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $63.79 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. The firm has a fifty day simple moving average of $15.90 and a two-hundred day simple moving average of $16.37.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UBS. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Credit Suisse Group dropped their target price on shares of UBS Group from CHF 22.50 to CHF 22 and set an “outperform” rating on the stock in a research report on Tuesday, October 11th. JPMorgan Chase & Co. boosted their target price on shares of UBS Group from CHF 20 to CHF 20.70 and gave the company an “overweight” rating in a research report on Wednesday, October 26th. Barclays dropped their target price on shares of UBS Group from CHF 15 to CHF 14 and set an “underweight” rating on the stock in a research report on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of UBS Group from CHF 21 to CHF 22 and gave the company a “buy” rating in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.82.

UBS Group Company Profile

(Get Rating)

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 to ultra high net worth and high net worth clients.

Further Reading

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

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