Oppenheimer Asset Management Inc. raised its position in UBS Group AG (NYSE:UBS – Free Report) by 8.3% in the 2nd quarter, Holdings Channel reports. The firm owned 18,009 shares of the bank’s stock after buying an additional 1,386 shares during the period. Oppenheimer Asset Management Inc.’s holdings in UBS Group were worth $532,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of UBS. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group in the 2nd quarter valued at $41,000. Opal Wealth Advisors LLC bought a new stake in shares of UBS Group in the first quarter worth about $42,000. RFP Financial Group LLC raised its position in shares of UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC lifted its holdings in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group in the 2nd quarter valued at approximately $50,000.
UBS Group Stock Down 1.6 %
Shares of UBS Group stock opened at $29.90 on Friday. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.13. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day simple moving average is $29.92 and its 200 day simple moving average is $30.03. The firm has a market cap of $95.87 billion, a PE ratio of 3.26 and a beta of 1.15.
Analyst Ratings Changes
Several brokerages have commented on UBS. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America began coverage on shares of UBS Group in a research report on Thursday. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Research Report on UBS Group
UBS Group Company Profile
UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.
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