UBS AG (UBS) Coverage Initiated by Analysts at Credit Suisse Group AG
Several other equities analysts have also weighed in on the stock. BNP Paribas reiterated a sell rating on shares of UBS AG in a report on Monday, September 12th. Barclays PLC reaffirmed a buy rating on shares of UBS AG in a research report on Sunday, September 11th. Zacks Investment Research upgraded shares of UBS AG from a sell rating to a hold rating in a research note on Tuesday, August 30th. Sanford C. Bernstein began coverage on shares of UBS AG in a research report on Monday, July 11th. They set an underperform rating on the stock. Finally, Macquarie lowered shares of UBS AG from a neutral rating to an underperform rating in a research note on Tuesday, July 5th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $16.87.
UBS AG (NYSE:UBS) opened at 13.63 on Monday. UBS AG has a one year low of $11.93 and a one year high of $20.70. The stock has a market capitalization of $50.52 billion, a price-to-earnings ratio of 10.64 and a beta of 1.32. The company’s 50-day moving average is $13.94 and its 200 day moving average is $14.78.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBS. Macquarie Group Ltd. increased its position in UBS AG by 1,299,575.3% in the second quarter. Macquarie Group Ltd. now owns 3,574,107 shares of the company’s stock worth $46,321,000 after buying an additional 3,573,832 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in UBS AG by 37.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,646 shares of the company’s stock worth $150,000 after buying an additional 3,182 shares during the last quarter. IFP Advisors Inc increased its position in UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock worth $110,000 after buying an additional 2,598 shares during the last quarter. Stifel Financial Corp acquired a new position in UBS AG during the second quarter worth approximately $2,890,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in UBS AG by 49.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,059,611 shares of the company’s stock worth $13,672,000 after buying an additional 352,072 shares during the last quarter. Institutional investors and hedge funds own 26.94% of the company’s stock.
UBS AG Company Profile
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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