UBS Group AG (NYSE:UBS) Shares Sold by Spire Wealth Management

Posted by on Aug 19th, 2023

Spire Wealth Management trimmed its position in shares of UBS Group AG (NYSE:UBS – Free Report) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,480 shares of the bank’s stock after selling 3,920 shares during the period. Spire Wealth Management’s holdings in UBS Group were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in UBS Group in the 4th quarter valued at approximately $2,182,724,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UBS Group by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,715,631 shares of the bank’s stock valued at $923,074,000 after purchasing an additional 294,568 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of UBS Group by 56.1% during the first quarter. Vontobel Holding Ltd. now owns 23,879,914 shares of the bank’s stock valued at $503,560,000 after purchasing an additional 8,582,094 shares in the last quarter. Amundi raised its stake in shares of UBS Group by 5.1% during the fourth quarter. Amundi now owns 20,389,102 shares of the bank’s stock valued at $416,248,000 after purchasing an additional 992,136 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of UBS Group by 4.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,685,341 shares of the bank’s stock worth $273,197,000 after acquiring an additional 649,270 shares during the period. 36.44% of the stock is owned by institutional investors and hedge funds.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $23.43 on Friday. UBS Group AG has a one year low of $13.80 and a one year high of $23.74. The stock has a fifty day moving average of $21.16 and a 200-day moving average of $20.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.39.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UBS. Morgan Stanley initiated coverage on shares of UBS Group in a research note on Tuesday, June 27th. They issued an “equal weight” rating for the company. StockNews.com initiated coverage on UBS Group in a research note on Thursday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold” and a consensus target price of $20.59.

View Our Latest Report on UBS

UBS Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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