DekaBank Deutsche Girozentrale raised its holdings in shares of UBS AG (NYSE:UBS) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,208,590 shares of the bank’s stock after acquiring an additional 165,424 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.11% of UBS AG worth $71,398,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in UBS. Franklin Resources Inc. raised its stake in UBS AG by 21.2% during the 2nd quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock valued at $981,476,000 after acquiring an additional 10,125,809 shares in the last quarter. Vanguard Group Inc. raised its stake in UBS AG by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock valued at $1,463,669,000 after acquiring an additional 4,634,833 shares in the last quarter. AXA raised its stake in UBS AG by 94.1% during the 2nd quarter. AXA now owns 6,299,667 shares of the bank’s stock valued at $106,968,000 after acquiring an additional 3,054,657 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in UBS AG by 3,116.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock valued at $43,446,000 after acquiring an additional 2,479,068 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in UBS AG by 23.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,868,486 shares of the bank’s stock valued at $167,324,000 after acquiring an additional 1,886,760 shares in the last quarter. 31.56% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of UBS AG (NYSE:UBS) traded down $0.10 during mid-day trading on Tuesday, hitting $17.01. The stock had a trading volume of 1,294,000 shares, compared to its average volume of 2,031,131. UBS AG has a one year low of $15.10 and a one year high of $18.31. The firm has a market cap of $65,916.91, a PE ratio of 15.01, a PEG ratio of 0.97 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46.
Several equities analysts have recently issued reports on UBS shares. ValuEngine cut UBS AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded UBS AG from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, September 1st. Morgan Stanley reiterated a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Bank of America Corporation upgraded UBS AG from a “neutral” rating to a “buy” rating in a research report on Friday. Finally, BidaskClub cut UBS AG from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.00.
UBS AG Company 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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