UBS Group AG (UBS) Position Cut by Comerica Bank
Comerica Bank lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,294 shares of the bank’s stock after selling 10,440 shares during the quarter. Comerica Bank’s holdings in UBS Group were worth $2,660,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of UBS Group by 504,938.7% during the third quarter. BlackRock Inc. now owns 156,562 shares of the bank’s stock valued at $2,463,000 after acquiring an additional 156,531 shares in the last quarter. AQR Capital Management LLC lifted its holdings in UBS Group by 14.4% in the third quarter. AQR Capital Management LLC now owns 62,873 shares of the bank’s stock valued at $998,000 after acquiring an additional 7,910 shares during the period. Vanguard Group Inc lifted its holdings in UBS Group by 2.2% in the third quarter. Vanguard Group Inc now owns 99,498,515 shares of the bank’s stock valued at $1,565,112,000 after acquiring an additional 2,120,152 shares during the period. Lavaca Capital LLC bought a new position in UBS Group in the fourth quarter valued at about $36,000. Finally, Assenagon Asset Management S.A. bought a new position in UBS Group in the fourth quarter valued at about $75,150,000. 37.02% of the stock is currently owned by institutional investors.
Shares of UBS stock opened at $11.91 on Thursday. UBS Group AG has a 52-week low of $11.60 and a 52-week high of $16.68. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $46.41 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18.
A number of research analysts have weighed in on UBS shares. FIG Partners downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Credit Suisse Group reissued an “outperform” rating on shares of UBS Group in a report on Thursday, February 21st. Zacks Investment Research downgraded UBS Group from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Royal Bank of Canada reissued a “hold” rating on shares of UBS Group in a report on Wednesday, January 23rd. Finally, Keefe, Bruyette & Woods downgraded UBS Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. UBS Group presently has an average rating of “Hold”.
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About UBS Group
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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