UBS AG (UBS) Research Coverage Started at Credit Suisse Group AG
UBS has been the subject of several other research reports. Barclays PLC upgraded UBS AG from an equal weight rating to an overweight rating and cut their target price for the stock from $21.00 to $17.00 in a research note on Thursday, June 9th. JPMorgan Chase & Co. downgraded UBS AG from a neutral rating to an underweight rating in a research note on Monday, June 27th. Royal Bank Of Canada downgraded UBS AG from a sector perform rating to an underperform rating in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods restated a buy rating on shares of UBS AG in a research note on Tuesday, June 28th. Finally, Macquarie downgraded UBS AG from a neutral rating to an underperform rating in a research note on Tuesday, July 5th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $16.87.
UBS AG (NYSE:UBS) opened at 13.83 on Monday. The stock has a 50 day moving average price of $13.97 and a 200 day moving average price of $14.76. 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 $51.26 billion, a P/E ratio of 10.85 and a beta of 1.32.
Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of UBS AG by 607.7% in the second quarter. Franklin Resources Inc. now owns 33,257,077 shares of the company’s stock worth $428,318,000 after buying an additional 28,557,465 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of UBS AG during the second quarter worth approximately $163,388,000. Bank of Montreal Can bought a new position in shares of UBS AG during the second quarter worth approximately $67,922,000. Credit Suisse AG boosted its position in shares of UBS AG by 4.8% in the second quarter. Credit Suisse AG now owns 112,739,089 shares of the company’s stock worth $1,461,098,000 after buying an additional 5,186,336 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of UBS AG by 955.2% in the second quarter. Canada Pension Plan Investment Board now owns 4,681,290 shares of the company’s stock worth $60,402,000 after buying an additional 4,237,630 shares in the last quarter. 26.94% of the stock is currently owned by institutional investors and hedge funds.
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.
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