Synovus Financial Corp increased its position in shares of UBS Group AG (NYSE:UBS) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,817 shares of the bank’s stock after buying an additional 8,590 shares during the period. Synovus Financial Corp’s holdings in UBS Group were worth $1,981,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in UBS Group by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock worth $2,448,489,000 after buying an additional 3,350,959 shares during the period. Fisher Asset Management LLC increased its stake in UBS Group by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 48,054,057 shares of the bank’s stock worth $755,890,000 after buying an additional 1,590,059 shares during the period. Bank of Montreal Can increased its stake in UBS Group by 38.8% during the 3rd quarter. Bank of Montreal Can now owns 12,346,812 shares of the bank’s stock worth $194,216,000 after buying an additional 3,450,053 shares during the period. Wells Fargo & Company MN increased its stake in UBS Group by 19.8% during the 2nd quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock worth $171,358,000 after buying an additional 1,844,479 shares during the period. Finally, Pzena Investment Management LLC increased its stake in UBS Group by 0.8% during the 2nd quarter. Pzena Investment Management LLC now owns 10,777,590 shares of the bank’s stock worth $165,328,000 after buying an additional 89,004 shares during the period. 32.08% of the stock is currently owned by hedge funds and other institutional investors.
UBS opened at $14.11 on Tuesday. The stock has a market capitalization of $54.89 billion, a PE ratio of 13.19 and a beta of 1.31. UBS Group AG has a 1-year low of $13.01 and a 1-year high of $20.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.62.
Several research firms have recently weighed in on UBS. JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research report on Tuesday, September 4th. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. ValuEngine raised shares of UBS Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.
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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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