Ubs Group Ag (UBS) Shareholder Credit Suisse Ag Has Decreased Its Position as Stock Value Declined

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Credit Suisse Ag decreased its stake in Ubs Group Ag (UBS) by 1.47% based on its latest 2019Q1 regulatory filing with the SEC. Credit Suisse Ag sold 1.42 million shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 94.88M shares of the major banks company at the end of 2019Q1, valued at $1.15B, down from 96.29M at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Ubs Group Ag for a number of months, seems to be less bullish one the $46.89 billion market cap company. The stock increased 0.49% or $0.06 during the last trading session, reaching $12.22. About 3.83M shares traded or 33.99% up from the average. UBS Group AG (NYSE:UBS) has declined 27.54% since July 14, 2018 and is downtrending. It has underperformed by 31.97% the S&P500.

Credit Suisse Ag, which manages about $41.97 billion and $109.61B US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 2.14M shares to 2.84 million shares, valued at $112.79 million in 2019Q1, according to the filing. It also increased its holding in Technipfmc Plc by 734,203 shares in the quarter, for a total of 1.71 million shares, and has risen its stake in Q2 Hldgs Inc (NYSE:QTWO).

More notable recent UBS Group AG (NYSE:UBS) news were published by: Seekingalpha.com which released: “UBS steps to the sidelines on State Street – Seeking Alpha” on June 26, 2019, also Seekingalpha.com with their article: “Deutsche Bank: Yes, There’s More – Seeking Alpha” published on July 08, 2019, Benzinga.com published: “UBS Downgrades Deere, Expects Near-Term Weakness In Farming Equipment Demand – Benzinga” on July 10, 2019. More interesting news about UBS Group AG (NYSE:UBS) were released by: Benzinga.com and their article: “‘Trading Nation’ On European Banks Amid Deutsche Bank Troubles – Benzinga” published on July 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “UBS Advisor Thomas Mahoney Named to Forbes’ List of Best-in-State Wealth Advisors – Yahoo Finance” with publication date: June 28, 2019.

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