Jupiter Asset Management Ltd. grew its holdings in UBS Group AG (NYSE:UBS) by 1,794.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,571,118 shares of the bank’s stock after purchasing an additional 1,488,173 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in UBS Group were worth $24,431,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of UBS Group in the fourth quarter valued at approximately $2,408,017,000. Brandes Investment Partners LP grew its position in shares of UBS Group by 626.3% in the fourth quarter. Brandes Investment Partners LP now owns 17,555,859 shares of the bank’s stock valued at $246,985,000 after purchasing an additional 15,138,647 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of UBS Group by 13.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 13,000,370 shares of the bank’s stock valued at $202,806,000 after purchasing an additional 1,511,300 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of UBS Group by 288.6% in the first quarter. Russell Investments Group Ltd. now owns 8,663,759 shares of the bank’s stock valued at $134,718,000 after purchasing an additional 6,434,512 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of UBS Group by 70.7% in the fourth quarter. Mackenzie Financial Corp now owns 6,474,994 shares of the bank’s stock valued at $91,492,000 after purchasing an additional 2,682,043 shares during the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.
NYSE:UBS opened at $16.27 on Thursday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $59.55 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.90 and a beta of 1.20. UBS Group AG has a fifty-two week low of $10.39 and a fifty-two week high of $16.58. The stock’s 50 day moving average is $15.81.
Several analysts have recently commented on the stock. Kepler Capital Markets reiterated a “buy” rating on shares of UBS Group in a research report on Friday, February 19th. Barclays restated an “underweight” rating on shares of UBS Group in a research report on Wednesday, April 21st. Berenberg Bank restated a “buy” rating on shares of UBS Group in a research report on Thursday, April 29th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.00.
UBS Group Profile
UBS Group AG, together with its subsidiaries, 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, as well as lending solutions, to ultra high net worth and high net worth clients.
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