Virginia Retirement Systems ET AL reduced its position in shares of UBS Group AG (NYSE:UBS) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 498,881 shares of the bank’s stock after selling 7,597 shares during the period. Virginia Retirement Systems ET AL’s holdings in UBS Group were worth $7,916,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of UBS Group by 40.7% during the third quarter. Russell Investments Group Ltd. now owns 2,558,072 shares of the bank’s stock worth $40,572,000 after purchasing an additional 739,617 shares during the period. Lourd Capital LLC purchased a new stake in shares of UBS Group during the third quarter worth about $172,000. Calamos Advisors LLC boosted its holdings in shares of UBS Group by 10.1% during the third quarter. Calamos Advisors LLC now owns 1,914,000 shares of the bank’s stock worth $30,107,000 after purchasing an additional 176,000 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of UBS Group by 3.4% during the third quarter. Fisher Asset Management LLC now owns 48,054,057 shares of the bank’s stock worth $755,890,000 after purchasing an additional 1,590,059 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of UBS Group by 1.2% during the second quarter. Northern Trust Corp now owns 4,233,230 shares of the bank’s stock worth $64,938,000 after purchasing an additional 49,685 shares during the period. Institutional investors own 32.08% of the company’s stock.
A number of research firms have recently weighed in on UBS. ValuEngine lowered shares of UBS Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Zacks Investment Research lowered shares of UBS Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a report on Tuesday, September 4th. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.00.
UBS stock opened at $14.00 on Friday. UBS Group AG has a 1 year low of $13.01 and a 1 year high of $20.89. The stock has a market capitalization of $55.66 billion, a P/E ratio of 10.54 and a beta of 1.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.62.
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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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