Fisher Asset Management LLC increased its holdings in shares of UBS Group AG (NYSE:UBS – Free Report) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,988 shares of the bank’s stock after acquiring an additional 466 shares during the period. Fisher Asset Management LLC’s holdings in UBS Group were worth $304,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of UBS. Scoggin Management LP acquired a new stake in UBS Group in the 1st quarter worth about $2,134,000. FMR LLC boosted its holdings in 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 buying an additional 12,907,622 shares during the last quarter. Point Break Capital Management LLC acquired a new stake in UBS Group in the 1st quarter worth about $5,245,000. Westpac Banking Corp acquired a new stake in UBS Group in the 1st quarter worth about $5,714,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in UBS Group by 21.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 107,879 shares of the bank’s stock worth $2,186,000 after buying an additional 19,012 shares during the last quarter. 36.44% of the stock is currently owned by institutional investors and hedge funds.
UBS Group Stock Up 2.9 %
UBS stock opened at $26.19 on Monday. The firm has a market cap of $91.14 billion, a PE ratio of 2.74, a PEG ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $24.74 and its 200-day moving average price is $22.57. UBS Group AG has a one year low of $17.60 and a one year high of $26.97.
Analyst Ratings Changes
Several research analysts have recently weighed in on UBS shares. StockNews.com started coverage on UBS Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold” and a consensus target price of $18.86.
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.
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