First Trust Advisors LP increased its stake in shares of UBS AG (NYSE:UBS) by 277.8% during the second quarter, Holdings Channel reports. The fund owned 40,845 shares of the company’s stock after buying an additional 30,035 shares during the period. First Trust Advisors LP’s holdings in UBS AG were worth $529,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new stake in shares of UBS AG during the second quarter valued at about $135,000. BTC Capital Management Inc. bought a new stake in shares of UBS AG during the second quarter valued at about $137,000. Private Bank & Trust Co. bought a new stake in shares of UBS AG during the second quarter valued at about $144,000. Huntington National Bank boosted its stake in shares of UBS AG by 165.4% in the second quarter. Huntington National Bank now owns 11,300 shares of the company’s stock valued at $146,000 after buying an additional 7,042 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. bought a new stake in shares of UBS AG during the first quarter valued at about $159,000. Institutional investors own 27.88% of the company’s stock.
UBS AG (NYSE:UBS) traded down 0.545% during trading on Wednesday, reaching $13.695. The company had a trading volume of 378,807 shares. The company has a market capitalization of $50.76 billion, a P/E ratio of 10.792 and a beta of 1.32. UBS AG has a 12 month low of $11.93 and a 12 month high of $20.70. The firm’s 50 day moving average is $14.02 and its 200-day moving average is $14.47.
Several brokerages have issued reports on UBS. RBC Capital Markets upgraded UBS AG from an “underperform” rating to a “sector perform” rating in a report on Wednesday, October 5th. Credit Suisse Group AG assumed coverage on UBS AG in a report on Monday, September 19th. They set a “neutral” rating for the company. Vetr upgraded UBS AG from a “hold” rating to a “buy” rating and set a $14.27 price target for the company in a report on Monday, September 19th. Zacks Investment Research cut UBS AG from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Finally, Royal Bank Of Canada upgraded UBS AG from an “underperform” rating to a “sector perform” rating in a report on Wednesday, October 5th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. UBS AG has an average rating of “Hold” and an average target price of $16.87.
UBS AG Company Profile
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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