Wells Fargo & Company MN Sells 329,538 Shares of UBS Group AG (UBS)

Wells Fargo & Company MN lessened its holdings in UBS Group AG (NYSE:UBS) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,841,113 shares of the bank’s stock after selling 329,538 shares during the period. Wells Fargo & Company MN owned about 0.28% of UBS Group worth $170,531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in UBS Group by 1,218.9% during the first quarter. BlackRock Inc. now owns 60,773 shares of the bank’s stock valued at $1,073,000 after acquiring an additional 56,165 shares during the last quarter. Guggenheim Capital LLC increased its position in UBS Group by 66.6% during the first quarter. Guggenheim Capital LLC now owns 77,143 shares of the bank’s stock valued at $1,363,000 after acquiring an additional 30,832 shares during the last quarter. Millennium Management LLC increased its position in UBS Group by 52.2% during the first quarter. Millennium Management LLC now owns 113,660 shares of the bank’s stock valued at $2,007,000 after acquiring an additional 39,001 shares during the last quarter. Bank of Montreal Can bought a new position in UBS Group during the second quarter valued at $136,475,000. Finally, Jabodon PT Co. bought a new position in UBS Group during the second quarter valued at $2,520,000. 32.08% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on UBS. Zacks Investment Research upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine upgraded shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research note on Tuesday, September 4th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.00.

Shares of UBS opened at $14.00 on Friday. The firm has a market cap of $55.66 billion, a PE ratio of 10.54 and a beta of 1.31. UBS Group AG has a 12-month low of $13.01 and a 12-month high of $20.89. 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.

Further Reading: Why do company’s buyback their stock?

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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