FDx Advisors Inc. reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 49.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,683 shares of the bank’s stock after selling 22,853 shares during the quarter. FDx Advisors Inc.’s holdings in UBS Group were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in shares of UBS Group by 19.8% in the second quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock valued at $171,358,000 after buying an additional 1,844,479 shares during the period. Synovus Financial Corp boosted its holdings in UBS Group by 8.1% in the second quarter. Synovus Financial Corp now owns 117,227 shares of the bank’s stock worth $1,799,000 after acquiring an additional 8,808 shares in the last quarter. Koch Industries Inc. bought a new position in UBS Group in the first quarter worth approximately $208,000. CIBC World Markets Inc. boosted its holdings in UBS Group by 166.2% in the first quarter. CIBC World Markets Inc. now owns 431,432 shares of the bank’s stock worth $7,619,000 after acquiring an additional 269,388 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in UBS Group by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock worth $2,448,489,000 after acquiring an additional 3,350,959 shares in the last quarter. 31.94% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded UBS Group from a “strong sell” rating to a “hold” rating in a report on Saturday, June 30th. ValuEngine upgraded UBS Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research report on Monday, June 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. UBS Group has a consensus rating of “Hold” and an average target price of $22.00.

NYSE:UBS traded up $0.04 during trading hours on Friday, reaching $15.62. The stock had a trading volume of 909,120 shares, compared to its average volume of 1,300,895. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.89 and a quick ratio of 0.89. UBS Group AG has a 12-month low of $14.89 and a 12-month high of $20.89. The company has a market capitalization of $59.63 billion, a P/E ratio of 11.90 and a beta of 1.28.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Monday, July 23rd. The bank reported $0.41 earnings per share for the quarter. The company had revenue of $7.70 billion during the quarter. UBS Group had a return on equity of 9.45% and a net margin of 4.08%. analysts anticipate that UBS Group AG will post 1.51 earnings per share for the current year.

UBS Group Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

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

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