Thornburg Investment Management Inc. Lowers Holdings in UBS AG (UBS)
Thornburg Investment Management Inc. reduced its holdings in shares of UBS AG (NYSE:UBS) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,055,683 shares of the bank’s stock after selling 105,872 shares during the period. Thornburg Investment Management Inc. owned approximately 0.05% of UBS worth $35,255,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in UBS by 4.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,208,590 shares of the bank’s stock worth $71,398,000 after purchasing an additional 165,424 shares during the last quarter. British Airways Pensions Investment Management Ltd boosted its holdings in shares of UBS by 9.0% in the third quarter. British Airways Pensions Investment Management Ltd now owns 1,100,232 shares of the bank’s stock valued at $18,814,000 after acquiring an additional 90,515 shares in the last quarter. AXA boosted its holdings in shares of UBS by 94.1% in the second quarter. AXA now owns 6,299,667 shares of the bank’s stock valued at $106,968,000 after acquiring an additional 3,054,657 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of UBS by 42.4% in the third quarter. SG Americas Securities LLC now owns 358,091 shares of the bank’s stock valued at $6,141,000 after acquiring an additional 106,680 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of UBS in the second quarter valued at about $4,357,000. 32.00% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of UBS from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, September 18th. Instinet downgraded shares of UBS from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Bank of America raised shares of UBS from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. TheStreet raised shares of UBS from a “d” rating to a “c” rating in a report on Monday. Finally, BidaskClub downgraded shares of UBS from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. UBS has an average rating of “Hold” and a consensus target price of $19.00.
UBS AG (NYSE:UBS) traded down $0.03 during mid-day trading on Thursday, reaching $17.28. 3,889,500 shares of the company were exchanged, compared to its average volume of 2,008,175. The stock has a market capitalization of $66,687.41, a P/E ratio of 15.18, a P/E/G ratio of 0.88 and a beta of 1.24. UBS AG has a 52-week low of $15.10 and a 52-week high of $18.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46.
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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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