UBS Group AG (UBS) Position Boosted by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. boosted its stake in UBS Group AG (NYSE:UBS) by 18.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 331,557 shares of the bank’s stock after buying an additional 51,881 shares during the period. Crossmark Global Holdings Inc.’s holdings in UBS Group were worth $5,215,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in UBS. Bank of Montreal Can grew its position in UBS Group by 38.8% in the 3rd quarter. Bank of Montreal Can now owns 12,346,812 shares of the bank’s stock valued at $194,216,000 after buying an additional 3,450,053 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in UBS Group by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock valued at $2,448,489,000 after buying an additional 3,350,959 shares in the last quarter. LMR Partners LLP bought a new position in UBS Group in the 2nd quarter valued at about $32,729,000. Wells Fargo & Company MN grew its position in UBS Group by 19.8% in the 2nd quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock valued at $171,358,000 after buying an additional 1,844,479 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in UBS Group by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 48,054,057 shares of the bank’s stock valued at $755,890,000 after buying an additional 1,590,059 shares in the last quarter. Hedge funds and other institutional investors own 32.66% of the company’s stock.
NYSE:UBS opened at $13.30 on Wednesday. UBS Group AG has a twelve month low of $13.01 and a twelve month high of $20.89. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $52.80 billion, a PE ratio of 12.43 and a beta of 1.31.
Several equities analysts have recently weighed in on the stock. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research report on Tuesday, September 4th. Zacks Investment Research upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, ValuEngine upgraded shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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