Russell Investments Group Ltd. lifted its stake in UBS Group AG (NYSE:UBS) by 40.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,558,072 shares of the bank’s stock after buying an additional 739,617 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of UBS Group worth $40,572,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in UBS. Bank of Montreal Can purchased a new position in shares of UBS Group in the second quarter worth $136,475,000. Massachusetts Financial Services Co. MA raised its stake in UBS Group by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock valued at $2,448,489,000 after purchasing an additional 3,350,959 shares in the last quarter. LMR Partners LLP purchased a new stake in UBS Group during the second quarter valued at $32,729,000. Fisher Asset Management LLC raised its stake in UBS Group by 4.7% during the second quarter. Fisher Asset Management LLC now owns 46,463,998 shares of the bank’s stock valued at $712,758,000 after purchasing an additional 2,071,414 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in UBS Group by 19.8% during the second quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock valued at $171,358,000 after purchasing an additional 1,844,479 shares in the last quarter. 32.02% of the stock is currently owned by hedge funds and other institutional investors.
UBS Group stock opened at $13.66 on Wednesday. The firm has a market cap of $50.88 billion, a P/E ratio of 12.77 and a beta of 1.28. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.62. UBS Group AG has a 52-week low of $13.01 and a 52-week high of $20.89.
UBS has been the topic of a number of recent research reports. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, ValuEngine raised shares of UBS Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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