Themes Management Co LLC bought a new position in UBS Group AG (NYSE:UBS – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 20,311 shares of the bank’s stock, valued at approximately $941,000.
A number of other hedge funds have also bought and sold shares of UBS. AQR Capital Management LLC raised its position in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after buying an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in UBS Group by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC raised its position in UBS Group by 3.1% in the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after buying an additional 1,267 shares during the last quarter. Focus Partners Wealth raised its position in UBS Group by 11.6% in the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after buying an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in UBS Group by 62.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after buying an additional 573 shares during the last quarter.
UBS Group Trading Down 0.1%
Shares of NYSE:UBS opened at $46.94 on Tuesday. The stock has a 50 day moving average of $41.87 and a 200 day moving average of $42.57. The company has a market cap of $146.62 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. UBS Group AG has a 12-month low of $30.36 and a 12-month high of $49.36.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on UBS shares. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of “Hold” and an average price target of $60.30.
Get Our Latest Stock Analysis on UBS
UBS Group Profile
UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.
Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.
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