Morningstar Investment Services LLC trimmed its position in shares of UBS Group AG (NYSE:UBS) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,183 shares of the bank’s stock after selling 2,994 shares during the period. Morningstar Investment Services LLC’s holdings in UBS Group were worth $191,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBS. Quest Capital Management Inc. ADV purchased a new position in UBS Group in the third quarter valued at about $25,000. Oppenheimer & Co. Inc. raised its position in shares of UBS Group by 16.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,313 shares of the bank’s stock worth $252,000 after buying an additional 3,187 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of UBS Group in the 3rd quarter worth approximately $226,000. Russell Investments Group Ltd. increased its position in shares of UBS Group by 43.2% in the third quarter. Russell Investments Group Ltd. now owns 9,507,737 shares of the bank’s stock worth $108,004,000 after acquiring an additional 2,866,079 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of UBS Group by 2.4% in the third quarter. Synovus Financial Corp now owns 124,074 shares of the bank’s stock worth $1,400,000 after acquiring an additional 2,950 shares in the last quarter. Institutional investors own 31.92% of the company’s stock.
Shares of NYSE UBS traded down $0.28 during mid-day trading on Friday, hitting $11.00. The company had a trading volume of 6,390,905 shares, compared to its average volume of 3,545,729. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 3.24. UBS Group AG has a 1 year low of $10.12 and a 1 year high of $13.55. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 2.52 and a beta of 1.24. The stock’s 50-day moving average price is $12.85 and its 200-day moving average price is $11.92.
In related news, major shareholder Group Ag Ubs bought 25,438 shares of UBS Group stock in a transaction on Thursday, January 2nd. The stock was acquired at an average price of $13.28 per share, with a total value of $337,816.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders acquired 398,770 shares of company stock valued at $5,397,768. 1.00% of the stock is owned by corporate insiders.
A number of brokerages have recently weighed in on UBS. ValuEngine cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed a “hold” rating on shares of UBS Group in a report on Thursday, January 23rd. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research report on Monday, February 3rd. Finally, Berenberg Bank reiterated a “buy” rating on shares of UBS Group in a research report on Monday, January 27th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.50.
About UBS Group
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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