UBS AG (NYSE:UBS) shares rose 0.7% during trading on Wednesday . The company traded as high as $14.55 and last traded at $14.38, with a volume of 1,312,693 shares trading hands. The stock had previously closed at $14.28.

UBS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating on shares of UBS AG in a report on Tuesday, June 28th. Morgan Stanley cut UBS AG from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $13.79 to $15.91 in a report on Tuesday, May 3rd. Zacks Investment Research raised UBS AG from a “sell” rating to a “hold” rating in a report on Tuesday. Societe Generale cut UBS AG from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Finally, Barclays PLC raised UBS AG from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $21.00 to $17.00 in a report on Thursday, June 9th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.05.

The stock has a market cap of $53.56 billion and a PE ratio of 11.08. The company’s 50-day moving average is $13.53 and its 200 day moving average is $14.88.

A hedge fund recently raised its stake in UBS AG stock. RS Investment Management Co. LLC boosted its stake in UBS AG (NYSE:UBS) by 119.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,095 shares of the company’s stock after buying an additional 54,573 shares during the period. RS Investment Management Co. LLC’s holdings in UBS AG were worth $1,954,000 as of its most recent SEC filing.

UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.

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