Synovus Financial Corp purchased a new position in UBS Group AG (NYSE:UBS – Get 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.
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UBS Group Company Profile
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.
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