Great West Life Assurance Co. Can reduced its stake in UBS Group AG (NYSE:UBS – Free Report) by 7.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,618,106 shares of the bank’s stock after selling 205,001 shares during the quarter. Great West Life Assurance Co. Can owned about 0.08% of UBS Group worth $53,242,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of UBS. Performa Ltd US LLC acquired a new position in shares of UBS Group in the second quarter valued at about $35,000. Ameritas Advisory Services LLC purchased a new position in UBS Group during the 1st quarter worth approximately $41,000. First Manhattan Co. acquired a new stake in UBS Group during the 4th quarter valued at approximately $47,000. Massmutual Trust Co. FSB ADV increased its stake in shares of UBS Group by 53.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,480 shares of the bank’s stock worth $50,000 after acquiring an additional 868 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of UBS Group by 78.4% during the second quarter. Hexagon Capital Partners LLC now owns 2,596 shares of the bank’s stock worth $53,000 after purchasing an additional 1,141 shares during the last quarter. 36.44% of the stock is currently owned by institutional investors and hedge funds.
UBS Group Stock Performance
NYSE UBS opened at $26.21 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.10. UBS Group AG has a twelve month low of $17.60 and a twelve month high of $26.97. The stock has a 50-day moving average of $24.75 and a 200 day moving average of $22.62. The stock has a market capitalization of $91.21 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 2.10 and a beta of 1.08.
Analyst Upgrades and Downgrades
Several research firms have commented on UBS. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 6th. StockNews.com initiated coverage on UBS Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a research 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.86.
UBS Group 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.
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