Riverhead Capital Management LLC lifted its position in UBS Group AG (NYSE:UBS) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,694 shares of the bank’s stock after acquiring an additional 4,984 shares during the period. Riverhead Capital Management LLC’s holdings in UBS Group were worth $359,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in UBS. Advisory Services Network LLC lifted its holdings in shares of UBS Group by 56.3% during the 2nd quarter. Advisory Services Network LLC now owns 2,686 shares of the bank’s stock valued at $32,000 after purchasing an additional 968 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in shares of UBS Group by 71.7% during the first quarter. Citizens Financial Group Inc RI now owns 4,101 shares of the bank’s stock worth $50,000 after purchasing an additional 1,713 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of UBS Group by 304.2% during the second quarter. AdvisorNet Financial Inc now owns 5,255 shares of the bank’s stock worth $62,000 after purchasing an additional 3,955 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of UBS Group by 101.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,702 shares of the bank’s stock worth $105,000 after purchasing an additional 4,386 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of UBS Group during the first quarter worth $125,000. Institutional investors and hedge funds own 34.29% of the company’s stock.
Shares of NYSE UBS traded up $0.20 during midday trading on Friday, reaching $11.73. The company’s stock had a trading volume of 150,935 shares, compared to its average volume of 2,742,747. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.54. The company has a 50 day moving average price of $10.82 and a 200 day moving average price of $11.88. UBS Group AG has a one year low of $10.12 and a one year high of $16.68. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21.
A number of equities analysts recently commented on UBS shares. Societe Generale downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Deutsche Bank restated a “neutral” rating on shares of UBS Group in a research note on Friday, August 30th. Zacks Investment Research cut shares of UBS Group from a “hold” rating to a “sell” rating and set a $10.00 target price for the company. in a report on Monday, July 15th. ValuEngine raised shares of UBS Group from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. UBS Group presently has a consensus rating of “Hold” and an average price target of $12.50.
UBS Group Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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