Virginia Retirement Systems ET AL decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake 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 valued at $40,572,000 after purchasing an additional 739,617 shares in the last quarter. Lourd Capital LLC bought a new position in shares of UBS Group during the third quarter valued at approximately $172,000. Calamos Advisors LLC increased its stake 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 valued at $30,107,000 after purchasing an additional 176,000 shares in the last quarter. Fisher Asset Management LLC increased its stake 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 valued at $755,890,000 after purchasing an additional 1,590,059 shares in the last quarter. Finally, Northern Trust Corp increased its stake 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 valued at $64,938,000 after purchasing an additional 49,685 shares in the last quarter. 32.08% of the stock is owned by institutional investors and hedge funds.

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

Shares of UBS opened at $14.00 on Friday. The company has a market cap 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. UBS Group AG has a twelve month low of $13.01 and a twelve month high of $20.89.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2018/11/10/virginia-retirement-systems-et-al-has-7-92-million-holdings-in-ubs-group-ag-ubs.html.

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.

Featured Story: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS).

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

Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.