Bank of New York Mellon Corp increased its stake in shares of UBS Group AG (NYSE:UBS) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,021,478 shares of the bank’s stock after acquiring an additional 207,188 shares during the period. Bank of New York Mellon Corp’s holdings in UBS Group were worth $154,670,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in UBS Group in the second quarter valued at approximately $444,000. BB&T Corp acquired a new stake in UBS Group in the second quarter valued at approximately $203,000. Stephens Inc. AR acquired a new stake in UBS Group in the second quarter valued at approximately $231,000. Gator Capital Management LLC acquired a new stake in UBS Group in the second quarter valued at approximately $253,000. Finally, Lido Advisors LLC grew its holdings in UBS Group by 24.1% in the second quarter. Lido Advisors LLC now owns 16,746 shares of the bank’s stock valued at $256,000 after purchasing an additional 3,255 shares during the period. 32.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UBS opened at $14.24 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.62. UBS Group AG has a 12 month low of $13.01 and a 12 month high of $20.89. The company has a market capitalization of $54.89 billion, a price-to-earnings ratio of 13.31 and a beta of 1.31.
Several analysts have commented on the company. Zacks Investment Research raised UBS Group from a “sell” rating to a “hold” rating in a report on Monday, August 6th. ValuEngine raised UBS Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.00.
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.
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