AMP Capital Investors Ltd raised its holdings in shares of UBS AG (NYSE:UBS) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,693,564 shares of the bank’s stock after purchasing an additional 28,898 shares during the period. AMP Capital Investors Ltd’s holdings in UBS were worth $28,971,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc acquired a new position in UBS during the 2nd quarter valued at about $118,000. Fiduciary Trust Co. bought a new stake in shares of UBS in the 2nd quarter valued at about $136,000. Segantii Capital Management Ltd bought a new stake in shares of UBS in the 2nd quarter valued at about $166,000. Oppenheimer & Co. Inc. bought a new stake in shares of UBS in the 2nd quarter valued at about $173,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of UBS by 36.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after acquiring an additional 2,809 shares during the last quarter. Institutional investors own 32.00% of the company’s stock.
A number of analysts have recently commented on UBS shares. Bank of America raised UBS from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised UBS from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Friday, September 1st. BNP Paribas initiated coverage on UBS in a research note on Thursday, August 31st. They set an “outperform” rating for the company. BidaskClub cut UBS from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Societe Generale reissued a “hold” rating on shares of UBS in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.00.
UBS AG (NYSE UBS) traded down $0.13 during trading hours on Thursday, reaching $16.97. The company’s stock had a trading volume of 1,588,500 shares, compared to its average volume of 2,012,489. UBS AG has a 52-week low of $15.10 and a 52-week high of $18.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. The firm has a market cap of $65,881.46, a P/E ratio of 15.00, a P/E/G ratio of 0.87 and a beta of 1.22.
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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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