UBS Group AG (NYSE:UBS) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 20,146,890 shares, a growth of 29.2% from the February 28th total of 15,591,113 shares. Based on an average trading volume of 3,221,196 shares, the short-interest ratio is presently 6.3 days.
Several institutional investors and hedge funds have recently modified their holdings of UBS. Rhumbline Advisers acquired a new stake in shares of UBS Group in the 3rd quarter valued at about $196,000. MML Investors Services LLC acquired a new position in UBS Group during the 3rd quarter valued at about $210,000. Alliancebernstein L.P. boosted its stake in UBS Group by 1.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,154,665 shares of the bank’s stock valued at $18,163,000 after purchasing an additional 13,429 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in UBS Group by 14.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 78,594 shares of the bank’s stock valued at $1,235,000 after purchasing an additional 9,794 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in UBS Group by 504,938.7% during the 3rd quarter. BlackRock Inc. now owns 156,562 shares of the bank’s stock valued at $2,463,000 after purchasing an additional 156,531 shares during the last quarter. Institutional investors own 37.18% of the company’s stock.
UBS Group stock traded up $0.08 during trading hours on Wednesday, reaching $13.17. 3,043,677 shares of the company’s stock were exchanged, compared to its average volume of 3,034,211. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.56. UBS Group has a twelve month low of $11.60 and a twelve month high of $16.97. The company has a market cap of $51.09 billion, a P/E ratio of 9.34 and a beta of 1.14.
Several research analysts recently issued reports on UBS shares. Royal Bank of Canada reaffirmed a “hold” rating on shares of UBS Group in a research report on Wednesday, January 23rd. Societe Generale lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Zacks Investment Research raised UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Keefe, Bruyette & Woods lowered UBS Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 26th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of UBS Group in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. UBS Group has a consensus rating of “Hold”.
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UBS Group Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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