Ontario Teachers Pension Plan Board trimmed its position in UBS Group AG (NYSE:UBS) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,642 shares of the bank’s stock after selling 94,783 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in UBS Group were worth $3,405,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Enlightenment Research LLC bought a new stake in shares of UBS Group in the fourth quarter worth about $35,000. CWM LLC increased its stake in UBS Group by 187.3% during the fourth quarter. CWM LLC now owns 2,873 shares of the bank’s stock worth $36,000 after acquiring an additional 1,873 shares during the last quarter. Covenant Multifamily Offices LLC bought a new stake in UBS Group during the first quarter worth approximately $38,000. Resources Investment Advisors Inc. bought a new stake in UBS Group during the fourth quarter worth approximately $39,000. Finally, Enterprise Financial Services Corp grew its stake in shares of UBS Group by 33.1% during the first quarter. Enterprise Financial Services Corp now owns 4,088 shares of the bank’s stock valued at $49,000 after buying an additional 1,016 shares during the last quarter. 30.48% of the stock is currently owned by hedge funds and other institutional investors.
UBS stock traded up $0.01 on Friday, hitting $11.85. 2,522,568 shares of the company’s stock were exchanged, compared to its average volume of 2,973,930. The firm has a market capitalization of $45.63 billion, a PE ratio of 8.40, a P/E/G ratio of 1.44 and a beta of 1.25. The stock’s 50 day simple moving average is $11.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. UBS Group AG has a 12-month low of $11.32 and a 12-month high of $16.68.
A number of research analysts have recently commented on the company. Zacks Investment Research raised UBS Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Keefe, Bruyette & Woods cut UBS Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 26th. Finally, FIG Partners cut UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold”.
UBS Group Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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