DekaBank Deutsche Girozentrale Has $68.96 Million Position in UBS AG (NYSE:UBS)
DekaBank Deutsche Girozentrale cut its stake in shares of UBS AG (NYSE:UBS) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 4,043,166 shares of the bank’s stock after selling 148,487 shares during the period. DekaBank Deutsche Girozentrale’s holdings in UBS AG were worth $68,959,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of UBS. Keybank National Association OH bought a new position in UBS AG during the first quarter worth $165,000. Segantii Capital Management Ltd bought a new position in UBS AG during the second quarter worth $166,000. BTC Capital Management Inc. bought a new position in UBS AG during the first quarter worth $168,000. Insight 2811 Inc. bought a new position in UBS AG during the first quarter worth $169,000. Finally, Private Bank & Trust Co. bought a new position in UBS AG during the first quarter worth $182,000. 26.32% of the stock is owned by institutional investors and hedge funds.
UBS AG (NYSE:UBS) opened at 17.05 on Friday. The stock has a market cap of $63.37 billion, a PE ratio of 16.05 and a beta of 1.24. UBS AG has a 52-week low of $12.86 and a 52-week high of $18.31. The company’s 50 day moving average is $17.37 and its 200-day moving average is $16.41.
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A number of research firms recently weighed in on UBS. BidaskClub cut shares of UBS AG from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of UBS AG in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research report on Thursday, July 13th. Morgan Stanley reaffirmed a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Finally, Rafferty Capital Markets cut shares of UBS AG from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average 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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