British Airways Pensions Investment Management Ltd reduced its stake in shares of UBS AG (NYSE:UBS) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 1,486,377 shares of the company’s stock after selling 2,655 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in UBS AG were worth $19,255,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UBS. Fisher Asset Management LLC increased its position in shares of UBS AG by 3.7% in the second quarter. Fisher Asset Management LLC now owns 31,407,907 shares of the company’s stock valued at $392,913,000 after buying an additional 1,128,110 shares during the last quarter. Prudential PLC increased its position in shares of UBS AG by 3.6% in the first quarter. Prudential PLC now owns 7,815,491 shares of the company’s stock valued at $125,204,000 after buying an additional 273,812 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of UBS AG during the second quarter valued at about $67,922,000. AMP Capital Investors Ltd increased its position in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock valued at $44,542,000 after buying an additional 101,297 shares during the last quarter. Finally, Euclid Advisors LLC increased its position in shares of UBS AG by 12.9% in the first quarter. Euclid Advisors LLC now owns 577,000 shares of the company’s stock valued at $9,244,000 after buying an additional 66,000 shares during the last quarter. Hedge funds and other institutional investors own 26.94% of the company’s stock.

UBS AG (NYSE:UBS) traded up 2.37% during midday trading on Wednesday, reaching $13.83. The company had a trading volume of 1,977,396 shares. The company has a market capitalization of $51.26 billion, a PE ratio of 10.85 and a beta of 1.32. UBS AG has a 12-month low of $11.93 and a 12-month high of $20.70. The stock has a 50-day moving average price of $13.97 and a 200 day moving average price of $14.76.

UBS has been the subject of several research analyst reports. Macquarie downgraded UBS AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. downgraded UBS AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Royal Bank Of Canada downgraded UBS AG from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, June 28th. BNP Paribas restated a “sell” rating on shares of UBS AG in a research report on Monday, September 12th. Finally, Barclays PLC restated a “buy” rating on shares of UBS AG in a research report on Sunday, September 11th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. UBS AG presently has a consensus rating of “Hold” and a consensus target price of $16.87.

About UBS AG

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.

5 Day Chart for NYSE:UBS

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