OLD National Bancorp IN Reduces Position in UBS AG (NYSE:UBS)

OLD National Bancorp IN cut its stake in shares of UBS AG (NYSE:UBS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,809 shares of the bank’s stock after selling 181 shares during the period. OLD National Bancorp IN’s holdings in UBS AG were worth $523,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in UBS AG by 3.9% in the first quarter. Vanguard Group Inc. now owns 81,564,754 shares of the bank’s stock valued at $1,300,958,000 after buying an additional 3,064,547 shares during the last quarter. Fisher Asset Management LLC boosted its position in UBS AG by 7.0% in the second quarter. Fisher Asset Management LLC now owns 40,167,025 shares of the bank’s stock valued at $682,036,000 after buying an additional 2,639,249 shares during the last quarter. Wellington Management Group LLP boosted its position in UBS AG by 21.5% in the first quarter. Wellington Management Group LLP now owns 39,721,107 shares of the bank’s stock valued at $635,464,000 after buying an additional 7,031,841 shares during the last quarter. FMR LLC boosted its position in UBS AG by 4.9% in the first quarter. FMR LLC now owns 37,416,851 shares of the bank’s stock valued at $598,094,000 after buying an additional 1,731,136 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in UBS AG by 11.1% in the first quarter. Schroder Investment Management Group now owns 17,760,273 shares of the bank’s stock valued at $283,276,000 after buying an additional 1,772,144 shares during the last quarter. 26.32% of the stock is owned by institutional investors.

UBS AG (UBS) remained flat at $17.05 during mid-day trading on Friday. 1,157,410 shares of the stock were exchanged. The firm has a market cap of $63.37 billion, a PE ratio of 16.05 and a beta of 1.24. UBS AG has a 12-month low of $12.86 and a 12-month high of $18.31. The firm has a 50-day moving average price of $17.37 and a 200 day moving average price of $16.41.

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Several research analysts have weighed in on the company. Rafferty Capital Markets cut UBS AG from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. BidaskClub upgraded UBS AG from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded UBS AG from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Wednesday, May 10th. J P Morgan Chase & Co raised UBS AG from a “neutral” rating to an “overweight” rating in a report on Monday, June 26th. Finally, Morgan Stanley reissued a “buy” rating on shares of UBS AG in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.14.

About UBS AG

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.

Institutional Ownership by Quarter for UBS AG (NYSE:UBS)

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