Other equities analysts have also issued reports about the company. RBC Capital Markets raised UBS AG from an underperform rating to a sector perform rating in a research report on Wednesday. Zacks Investment Research lowered UBS AG from a hold rating to a sell rating in a research report on Tuesday. Sanford C. Bernstein assumed coverage on UBS AG in a research report on Monday, July 11th. They issued an underperform rating on the stock. JPMorgan Chase & Co. lowered UBS AG from a neutral rating to an underweight rating in a research report on Monday, June 27th. Finally, Macquarie lowered UBS AG from a neutral rating to an underperform rating in a research report on Tuesday, July 5th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $16.87.
UBS AG (NYSE:UBS) opened at 14.10 on Wednesday. The stock has a market capitalization of $52.26 billion, a price-to-earnings ratio of 10.99 and a beta of 1.32. The company has a 50-day moving average of $13.98 and a 200-day moving average of $14.55. UBS AG has a 52-week low of $11.93 and a 52-week high of $20.70.
A number of hedge funds and other institutional investors have recently modified their holdings of UBS. AMP Capital Investors Ltd increased its position in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock worth $44,542,000 after buying an additional 101,297 shares during the last quarter. Blair William & Co. IL increased its position in shares of UBS AG by 48.6% in the second quarter. Blair William & Co. IL now owns 79,764 shares of the company’s stock worth $1,034,000 after buying an additional 26,080 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of UBS AG during the second quarter worth approximately $135,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of UBS AG during the second quarter worth approximately $293,000. Finally, Checchi Capital Advisers LLC increased its position in shares of UBS AG by 2.8% in the second quarter. Checchi Capital Advisers LLC now owns 20,802 shares of the company’s stock worth $270,000 after buying an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 26.90% of the company’s stock.
About UBS AG
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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