UBS AG (UBS) Shares Bought by Capital Bank & Trust Co
Capital Bank & Trust Co lifted its stake in shares of UBS AG (NYSE:UBS) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806,084 shares of the bank’s stock after purchasing an additional 60,124 shares during the quarter. Capital Bank & Trust Co’s holdings in UBS were worth $30,895,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of UBS 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 acquiring an additional 4,634,833 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of UBS by 21.2% in the 2nd quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock worth $981,476,000 after acquiring an additional 10,125,809 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of UBS by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after acquiring an additional 1,136,180 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of UBS by 3.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock worth $356,125,000 after acquiring an additional 668,175 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of UBS by 0.3% in the 2nd quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock worth $263,411,000 after acquiring an additional 50,948 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors.
UBS AG (NYSE:UBS) traded up $0.44 during trading hours on Monday, reaching $17.48. 3,498,900 shares of the company’s stock traded hands, compared to its average volume of 2,021,527. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $68,330.00, a price-to-earnings ratio of 15.33, a price-to-earnings-growth 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.
A number of research firms recently weighed in on UBS. ValuEngine lowered shares of UBS from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded 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. TheStreet upgraded shares of UBS from a “d” rating to a “c” rating in a report on Monday, November 27th. Instinet lowered shares of UBS from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Finally, Societe Generale restated a “hold” rating on shares of UBS in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. UBS currently has an average rating of “Hold” and a consensus price target of $19.00.
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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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