Envestnet Asset Management Inc. raised its holdings in UBS Group AG (NYSE:UBS – Free Report) by 263.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,618,825 shares of the bank’s stock after purchasing an additional 3,349,230 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of UBS Group worth $22,383,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in UBS Group in the 4th quarter valued at $2,182,724,000. Vontobel Holding Ltd. raised its position in shares of UBS Group by 56.1% during the 1st quarter. Vontobel Holding Ltd. now owns 23,879,914 shares of the bank’s stock worth $503,560,000 after purchasing an additional 8,582,094 shares during the last quarter. Credit Suisse AG lifted its stake in UBS Group by 6.4% in the 1st quarter. Credit Suisse AG now owns 104,298,725 shares of the bank’s stock valued at $2,225,735,000 after buying an additional 6,277,444 shares in the last quarter. Marshall Wace LLP boosted its holdings in UBS Group by 2,242.0% in the 4th quarter. Marshall Wace LLP now owns 5,522,361 shares of the bank’s stock worth $102,661,000 after buying an additional 5,286,562 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in UBS Group during the 1st quarter worth approximately $99,621,000. 36.44% of the stock is currently owned by hedge funds and other institutional investors.
UBS Group Trading Up 5.6 %
Shares of UBS stock opened at $26.70 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.39. UBS Group AG has a twelve month low of $13.80 and a twelve month high of $26.97. The company’s 50-day moving average price is $21.97 and its 200-day moving average price is $20.93. The stock has a market cap of $92.92 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.98 and a beta of 1.11.
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About UBS Group
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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