Shares of UBS AG (NYSE:UBS) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed a “buy” rating on shares of UBS AG in a research note on Tuesday, July 18th. Zacks Investment Research downgraded shares of UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research note on Thursday, July 13th. BidaskClub downgraded shares of UBS AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Instinet downgraded shares of UBS AG from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. Finally, Societe Generale reaffirmed a “hold” rating on shares of UBS AG in a research note on Monday.
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Shares of UBS AG (NYSE:UBS) traded up 0.621% on Thursday, reaching $17.025. 1,121,729 shares of the company’s stock traded hands. The firm’s 50-day moving average is $17.04 and its 200-day moving average is $16.83. The stock has a market cap of $63.28 billion, a price-to-earnings ratio of 15.720 and a beta of 1.25. UBS AG has a 52-week low of $13.38 and a 52-week high of $18.31.
Several institutional investors and hedge funds have recently made changes to their positions in UBS. Franklin Resources Inc. raised its stake in shares of UBS AG by 21.2% in the second quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock valued at $981,476,000 after acquiring an additional 10,125,809 shares during the period. Vanguard Group Inc. increased its stake in UBS AG by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after buying an additional 4,634,833 shares during the period. AXA increased its stake in UBS AG by 94.1% in the 2nd quarter. AXA now owns 6,299,667 shares of the bank’s stock worth $106,968,000 after buying an additional 3,054,657 shares during the period. Fisher Asset Management LLC increased its stake in UBS AG by 7.0% in the 2nd quarter. Fisher Asset Management LLC now owns 40,167,025 shares of the bank’s stock worth $682,036,000 after buying an additional 2,639,249 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in UBS AG by 3,116.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock worth $43,446,000 after buying an additional 2,479,068 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds.
UBS AG Company Profile
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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