Russell Investments Group Ltd. Lowers Stake in UBS AG (UBS)
Russell Investments Group Ltd. cut its stake in shares of UBS AG (NYSE:UBS) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,718,568 shares of the bank’s stock after selling 149,918 shares during the period. Russell Investments Group Ltd. owned 0.25% of UBS AG worth $166,102,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Mountain Capital Investment Advisors Inc purchased a new stake in shares of UBS AG during the 2nd quarter valued at $118,000. Fiduciary Trust Co. purchased a new stake in shares of UBS AG during the 2nd quarter valued at $136,000. Segantii Capital Management Ltd purchased a new stake in shares of UBS AG during the 2nd quarter valued at $166,000. Oppenheimer & Co. Inc. purchased a new stake in shares of UBS AG during the 2nd quarter valued at $173,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of UBS AG by 36.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after buying an additional 2,809 shares during the period. 31.56% of the stock is owned by institutional investors.
Shares of UBS AG (NYSE:UBS) remained flat at $$17.01 during trading on Wednesday. The company’s stock had a trading volume of 1,183,800 shares, compared to its average volume of 2,027,280. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS AG has a twelve month low of $15.10 and a twelve month high of $18.31. The stock has a market capitalization of $65,531.66, a PE ratio of 14.92, a PEG ratio of 0.86 and a beta of 1.24.
Several brokerages have recently issued reports on UBS. Morgan Stanley reissued a “buy” rating on shares of UBS AG in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of UBS AG from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Friday, August 25th. BidaskClub cut shares of UBS AG from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Instinet cut shares of UBS AG from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st. Finally, Societe Generale reaffirmed a “hold” rating on shares of UBS AG in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.
UBS AG Company Profile
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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