Arrowstreet Capital Limited Partnership decreased its holdings in shares of UBS Group AG (NYSE:UBS – Free Report) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,527,342 shares of the bank’s stock after selling 1,907,613 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in UBS Group were worth $814,934,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Legacy Capital Group California Inc. boosted its position in shares of UBS Group by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 39,471 shares of the bank’s stock valued at $1,828,000 after acquiring an additional 239 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in UBS Group by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 19,905 shares of the bank’s stock valued at $922,000 after buying an additional 260 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of UBS Group by 1.9% during the third quarter. Parallel Advisors LLC now owns 14,905 shares of the bank’s stock worth $611,000 after purchasing an additional 271 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of UBS Group by 3.9% during the fourth quarter. Perigon Wealth Management LLC now owns 7,551 shares of the bank’s stock worth $350,000 after purchasing an additional 284 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of UBS Group by 4.2% during the third quarter. Allworth Financial LP now owns 7,115 shares of the bank’s stock worth $292,000 after purchasing an additional 288 shares in the last quarter.
UBS Group Stock Performance
Shares of UBS Group stock opened at $48.93 on Friday. The firm has a market capitalization of $152.84 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.84 and a beta of 1.19. UBS Group AG has a 52 week low of $30.36 and a 52 week high of $49.36. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The firm’s 50 day moving average is $44.69 and its two-hundred day moving average is $43.45.
Analysts Set New Price Targets
A number of research firms recently weighed in on UBS. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.30.
Check Out Our Latest Stock Analysis 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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