Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a buy rating on shares of UBS AG in a research note on Tuesday, June 28th. Vetr raised UBS AG from a hold rating to a buy rating and set a $14.27 price target for the company in a research note on Monday, September 19th. Barclays PLC reaffirmed a buy rating on shares of UBS AG in a research note on Sunday, September 11th. Zacks Investment Research raised UBS AG from a sell rating to a hold rating in a research note on Tuesday, August 30th. Finally, Credit Suisse Group AG began coverage on UBS AG in a research note on Monday, September 19th. They set a neutral rating for the company. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $16.87.
Shares of UBS AG (NYSE:UBS) opened at 13.91 on Wednesday. The company’s 50-day moving average price is $14.00 and its 200 day moving average price is $14.52. UBS AG has a 1-year low of $11.93 and a 1-year high of $20.70. The firm has a market cap of $51.56 billion, a PE ratio of 10.79 and a beta of 1.32.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in UBS AG by 1,299,575.3% in the second quarter. Macquarie Group Ltd. now owns 3,574,107 shares of the company’s stock worth $46,321,000 after buying an additional 3,573,832 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of UBS AG by 37.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,646 shares of the company’s stock worth $150,000 after buying an additional 3,182 shares in the last quarter. IFP Advisors Inc increased its position in shares of UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock worth $110,000 after buying an additional 2,598 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of UBS AG during the second quarter worth about $2,890,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of UBS AG by 49.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,059,611 shares of the company’s stock worth $13,672,000 after buying an additional 352,072 shares in the last quarter. 26.90% of the stock is owned by institutional investors.
UBS AG Company Profile
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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