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World Asset Management Inc cut its position in UBS Group AG (NYSE:UBS) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,005 shares of the bank’s stock after selling 17,293 shares during the period. World Asset Management Inc’s holdings in UBS Group were worth $1,542,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lourd Capital LLC acquired a new stake in shares of UBS Group during the third quarter worth $172,000. Capital Insight Partners LLC acquired a new stake in shares of UBS Group during the third quarter worth $778,000. Northern Trust Corp raised 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 acquiring an additional 49,685 shares during the period. Bank of New York Mellon Corp grew its position in UBS Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 10,021,478 shares of the bank’s stock valued at $154,670,000 after purchasing an additional 207,188 shares in the last quarter. Finally, Marshall Wace LLP grew its position in UBS Group by 2,631.4% in the second quarter. Marshall Wace LLP now owns 655,873 shares of the bank’s stock valued at $10,120,000 after purchasing an additional 631,861 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.
NYSE UBS opened at $13.20 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.71. The stock has a market cap of $51.38 billion, a PE ratio of 12.34 and a beta of 1.28. UBS Group AG has a 52-week low of $13.01 and a 52-week high of $20.89.
A number of research badysts recently weighed in on UBS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research report on Tuesday, September 4th. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, ValuEngine raised shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Three equities research badysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.00.
UBS Group Profile
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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