UBS AG (UBS) Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of UBS AG (NYSE:UBS) by 3,116.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,558,612 shares of the bank’s stock after purchasing an additional 2,479,068 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of UBS AG worth $43,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UBS. First Trust Advisors LP increased its position in shares of UBS AG by 5.1% during the 1st quarter. First Trust Advisors LP now owns 21,556 shares of the bank’s stock worth $344,000 after purchasing an additional 1,045 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of UBS AG by 30.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 59,719 shares of the bank’s stock worth $953,000 after purchasing an additional 13,838 shares in the last quarter. Fifth Third Bancorp increased its position in shares of UBS AG by 2.1% during the 1st quarter. Fifth Third Bancorp now owns 12,345 shares of the bank’s stock worth $197,000 after purchasing an additional 255 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of UBS AG by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,066,717 shares of the bank’s stock worth $32,964,000 after purchasing an additional 131,711 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of UBS AG by 78.8% during the 1st quarter. Morgan Stanley now owns 2,888,708 shares of the bank’s stock worth $46,076,000 after purchasing an additional 1,272,696 shares in the last quarter. Institutional investors and hedge funds own 31.42% of the company’s stock.

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A number of brokerages recently issued reports on UBS. Zacks Investment Research upgraded shares of UBS AG from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, September 18th. BidaskClub upgraded shares of UBS AG from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. J P Morgan Chase & Co upgraded shares of UBS AG from a “neutral” rating to an “overweight” rating in a research report on Monday, June 26th. Finally, Instinet cut shares of UBS AG from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. UBS AG currently has an average rating of “Buy” and an average price target of $19.00.

UBS AG (NYSE UBS) remained flat at $17.16 during midday trading on Thursday. 342,482 shares of the stock were exchanged. The firm has a market cap of $63.78 billion, a P/E ratio of 15.84 and a beta of 1.26. UBS AG has a 52 week low of $13.21 and a 52 week high of $18.31. The stock’s 50-day moving average is $16.77 and its 200-day moving average is $16.68.

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

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