Russell Investments Group Ltd. lifted its stake in UBS Group AG (NYSE:UBS – Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,414,416 shares of the bank’s stock after purchasing an additional 131,508 shares during the quarter. UBS Group accounts for 0.4% of Russell Investments Group Ltd.’s portfolio, making the stock its 23rd largest position. Russell Investments Group Ltd. owned about 0.27% of UBS Group worth $392,510,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of UBS Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after purchasing an additional 1,758,287 shares in the last quarter. Norges Bank purchased a new stake in shares of UBS Group in the fourth quarter worth approximately $4,889,413,000. Fisher Asset Management LLC lifted its position in shares of UBS Group by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after purchasing an additional 2,938,827 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of UBS Group by 254.9% in the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock worth $2,601,589,000 after purchasing an additional 45,731,061 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of UBS Group by 1.0% in the third quarter. Capital World Investors now owns 37,343,504 shares of the bank’s stock worth $1,525,163,000 after purchasing an additional 386,264 shares in the last quarter.
UBS Group Price Performance
Shares of UBS opened at $50.46 on Wednesday. The firm has a market cap of $157.62 billion, a PE ratio of 18.08, a PEG ratio of 0.83 and a beta of 1.19. The firm’s 50 day moving average price is $45.11 and its 200 day moving average price is $43.67. 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 $50.91.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on UBS shares. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, UBS Group currently has an average rating of “Hold” and a consensus target price of $60.30.
Check Out Our Latest Research Report on UBS Group
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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