Trexquant Investment LP acquired a new position in UBS (NYSE:UBS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,183 shares of the bank’s stock, valued at approximately $780,000.

Several other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of UBS by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 65,055,289 shares of the bank’s stock worth $1,197,783,000 after acquiring an additional 2,520,690 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of UBS by 3.9% in the fourth quarter. Fisher Asset Management LLC now owns 42,907,502 shares of the bank’s stock worth $789,069,000 after acquiring an additional 1,604,297 shares during the last quarter. Deutsche Bank AG grew its stake in shares of UBS by 13.9% in the fourth quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock worth $459,289,000 after acquiring an additional 3,038,816 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of UBS by 4.5% in the fourth quarter. Allianz Asset Management GmbH now owns 21,758,540 shares of the bank’s stock worth $400,573,000 after acquiring an additional 938,277 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of UBS in the fourth quarter worth $352,202,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

UBS opened at $16.08 on Thursday. UBS has a fifty-two week low of $16.04 and a fifty-two week high of $16.09. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $62.44 billion, a price-to-earnings ratio of 13.50 and a beta of 1.34.

UBS announced that its board has authorized a share buyback program on Monday, January 22nd that allows the company to buyback outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently issued reports on UBS. ValuEngine downgraded shares of UBS from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. TheStreet downgraded shares of UBS from a “c” rating to a “d+” rating in a research note on Wednesday, April 25th. Zacks Investment Research downgraded shares of UBS from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Credit Suisse Group upgraded shares of UBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase restated a “buy” rating on shares of UBS in a research note on Wednesday, March 7th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. UBS has a consensus rating of “Hold” and an average price target of $22.00.

UBS Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

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Institutional Ownership by Quarter for UBS (NYSE:UBS)

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