MGO One Seven LLC purchased a new position in UBS Group AG (NYSE:UBS – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,316 shares of the bank’s stock, valued at approximately $348,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP lifted its position in UBS Group by 192.6% during the first quarter. Allworth Financial LP now owns 1,814 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,194 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of UBS Group in the first quarter worth approximately $41,000. Belpointe Asset Management LLC bought a new stake in shares of UBS Group during the 4th quarter valued at $41,000. UMB Bank n.a. lifted its stake in shares of UBS Group by 120.3% during the 1st quarter. UMB Bank n.a. now owns 2,238 shares of the bank’s stock valued at $48,000 after buying an additional 1,222 shares in the last quarter. Finally, First Manhattan Co. bought a new position in UBS Group in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 36.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on UBS shares. Morgan Stanley began coverage on shares of UBS Group in a report on Tuesday, June 27th. They set an “equal weight” rating for the company. StockNews.com began coverage on UBS Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.59.
UBS Group Stock Performance
Shares of NYSE UBS opened at $23.59 on Tuesday. UBS Group AG has a fifty-two week low of $13.80 and a fifty-two week high of $23.63. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day simple moving average of $20.91 and a two-hundred day simple moving average of $20.67.
UBS Group Profile
UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.
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