Korea Investment CORP increased its holdings in UBS Group AG (NYSE:UBS – Free Report) by 40.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,421,191 shares of the bank’s stock after purchasing an additional 692,573 shares during the period. Korea Investment CORP’s holdings in UBS Group were worth $112,953,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of UBS. AQR Capital Management LLC lifted its stake in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after acquiring an additional 26,728 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in UBS Group by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after acquiring an additional 708 shares in the last quarter. NewEdge Advisors LLC lifted its stake in UBS Group by 3.1% in the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after acquiring an additional 1,267 shares in the last quarter. Focus Partners Wealth raised its stake in shares of UBS Group by 11.6% during the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares in the last quarter.
UBS Group Stock Up 1.5%
Shares of UBS stock opened at $48.93 on Friday. The stock’s 50 day simple moving average is $44.69 and its 200 day simple moving average is $43.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. UBS Group AG has a twelve month low of $30.36 and a twelve month high of $49.36. The company has a market capitalization of $152.84 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.82 and a beta of 1.19.
Wall Street Analysts Forecast Growth
UBS has been the subject of a number of recent research reports. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.30.
Get Our Latest Stock Report on UBS
UBS Group Profile
UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.
Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.
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