UBS AG (UBS) Shares Bought by Axa
Axa raised its holdings in UBS AG (NYSE:UBS) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,052,809 shares of the bank’s stock after purchasing an additional 753,142 shares during the quarter. Axa owned approximately 0.18% of UBS worth $120,955,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Mountain Capital Investment Advisors Inc acquired a new stake in shares of UBS in the 2nd quarter valued at $118,000. Fiduciary Trust Co. acquired a new stake in shares of UBS in the 2nd quarter valued at $136,000. Oppenheimer & Co. Inc. acquired a new stake in shares of UBS in the 2nd quarter valued at $173,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of UBS by 36.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after buying an additional 2,809 shares during the period. Finally, MAI Capital Management acquired a new stake in shares of UBS in the 2nd quarter valued at $197,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.
Shares of UBS AG (UBS) traded up $0.15 during trading on Friday, hitting $18.04. The company had a trading volume of 2,326,500 shares, compared to its average volume of 2,028,678. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS AG has a twelve month low of $15.10 and a twelve month high of $18.31. The firm has a market capitalization of $68,925.11, a PE ratio of 15.69, a PEG ratio of 0.91 and a beta of 1.22.
Several equities research analysts have recently commented on the company. TheStreet raised UBS from a “d” rating to a “c” rating in a research note on Monday, November 27th. Bank of America raised UBS from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Societe Generale reissued a “hold” rating on shares of UBS in a research note on Monday, October 30th. Zacks Investment Research cut UBS from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Instinet cut UBS from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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