Consolidated Investment Group LLC maintained its stake in UBS AG (NYSE:UBS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,569 shares of the bank’s stock at the end of the second quarter. Consolidated Investment Group LLC’s holdings in UBS AG were worth $1,874,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in UBS AG during the first quarter worth approximately $490,000. Caisse DE Depot ET Placement DU Quebec raised its stake in UBS AG by 0.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 833,317 shares of the bank’s stock worth $13,360,000 after buying an additional 3,318 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of UBS AG during the second quarter valued at approximately $292,000. Trexquant Investment LP raised its stake in shares of UBS AG by 73.7% in the first quarter. Trexquant Investment LP now owns 58,884 shares of the bank’s stock valued at $939,000 after buying an additional 24,984 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of UBS AG by 78.8% in the first quarter. Morgan Stanley now owns 2,888,708 shares of the bank’s stock valued at $46,076,000 after buying an additional 1,272,696 shares during the last quarter. Hedge funds and other institutional investors own 26.31% of the company’s stock.
Shares of UBS AG (UBS) traded up 0.48% during trading on Friday, reaching $16.83. The company’s stock had a trading volume of 1,612,844 shares. UBS AG has a one year low of $12.86 and a one year high of $18.31. The firm’s 50-day moving average price is $17.45 and its 200-day moving average price is $16.42. The company has a market capitalization of $62.55 billion, a price-to-earnings ratio of 15.82 and a beta of 1.24.
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Several equities research analysts recently commented on the company. Rafferty Capital Markets lowered UBS AG from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. BidaskClub raised UBS AG from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research raised UBS AG from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Wednesday, May 10th. J P Morgan Chase & Co raised UBS AG from a “neutral” rating to an “overweight” rating in a research note on Monday, June 26th. Finally, Morgan Stanley reissued a “buy” rating on shares of UBS AG in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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.
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