Harbor Advisors LLC purchased a new position in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,000 shares of the bank’s stock, valued at approximately $183,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UBS. BTC Capital Management Inc. acquired a new stake in shares of UBS Group during the fourth quarter worth $193,000. Claraphi Advisory Network LLC acquired a new stake in shares of UBS Group during the fourth quarter worth $200,000. River Road Asset Management LLC acquired a new stake in shares of UBS Group during the third quarter worth $225,000. Lourd Capital LLC acquired a new stake in shares of UBS Group during the fourth quarter worth $230,000. Finally, HighTower Advisors LLC lifted its holdings in shares of UBS Group by 4.9% during the second quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock worth $244,000 after purchasing an additional 673 shares during the period. 33.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on UBS shares. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. TheStreet raised UBS Group from a “d” rating to a “c” rating in a report on Monday, November 27th. Zacks Investment Research raised UBS Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Saturday, January 6th. Societe Generale reaffirmed a “hold” rating on shares of UBS Group in a report on Monday, October 30th. Finally, Credit Suisse Group raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. UBS Group has an average rating of “Hold” and an average price target of $22.00.

UBS Group AG (UBS) opened at $18.60 on Monday. The stock has a market capitalization of $71,681.30, a price-to-earnings ratio of 64.14 and a beta of 1.28. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21. UBS Group AG has a 52-week low of $15.10 and a 52-week high of $20.89.

UBS Group declared that its board has initiated a stock buyback program on Monday, January 22nd that allows the company to repurchase shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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UBS Group Profile

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.

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

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