Canada Pension Plan Investment Board raised its stake in shares of UBS AG (NYSE:UBS) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 11,243,300 shares of the bank’s stock after buying an additional 273,187 shares during the period. Canada Pension Plan Investment Board’s holdings in UBS AG were worth $190,666,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of UBS. Keybank National Association OH acquired a new stake in UBS AG during the first quarter valued at approximately $165,000. BTC Capital Management Inc. acquired a new stake in UBS AG during the first quarter valued at approximately $168,000. Insight 2811 Inc. acquired a new stake in UBS AG during the first quarter valued at approximately $169,000. Private Bank & Trust Co. acquired a new stake in UBS AG during the first quarter valued at approximately $182,000. Finally, Rehmann Capital Advisory Group acquired a new stake in UBS AG during the first quarter valued at approximately $190,000. Institutional investors own 26.32% of the company’s stock.
Shares of UBS AG (NYSE:UBS) opened at 17.31 on Thursday. UBS AG has a one year low of $12.86 and a one year high of $18.31. The stock’s 50 day moving average price is $17.35 and its 200-day moving average price is $16.40. The stock has a market cap of $64.33 billion, a PE ratio of 16.30 and a beta of 1.24.
Several research firms have commented on UBS. BidaskClub cut UBS AG from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of UBS AG in a report on Tuesday, May 23rd. Zacks Investment Research cut UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 target price for the company. in a report on Thursday, July 13th. Morgan Stanley reiterated a “buy” rating on shares of UBS AG in a report on Tuesday, July 18th. Finally, Rafferty Capital Markets cut UBS AG from a “buy” rating to a “hold” rating in a report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.14.
About UBS AG
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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