Capital Guardian Trust Co. Trims Holdings in UBS AG (UBS)
Capital Guardian Trust Co. reduced its position in shares of UBS AG (NYSE:UBS) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,033,135 shares of the bank’s stock after selling 31,185 shares during the quarter. UBS comprises about 1.2% of Capital Guardian Trust Co.’s portfolio, making the stock its 21st biggest position. Capital Guardian Trust Co. owned 0.10% of UBS worth $68,930,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBS. Franklin Resources Inc. increased its holdings in UBS by 21.2% during the 2nd quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock worth $981,476,000 after purchasing an additional 10,125,809 shares during the period. Vanguard Group Inc. increased its holdings in UBS by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after purchasing an additional 4,634,833 shares during the period. AXA increased its holdings in UBS by 94.1% during the 2nd quarter. AXA now owns 6,299,667 shares of the bank’s stock worth $106,968,000 after purchasing an additional 3,054,657 shares during the period. The Manufacturers Life Insurance Company increased its holdings in UBS by 3,116.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock worth $43,446,000 after purchasing an additional 2,479,068 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in UBS by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after purchasing an additional 1,136,180 shares during the period. Institutional investors own 32.00% of the company’s stock.
UBS has been the topic of several research reports. Zacks Investment Research upgraded UBS from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, September 18th. ValuEngine downgraded UBS from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Bank of America upgraded UBS from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. Finally, TheStreet upgraded UBS from a “d” rating to a “c” rating in a report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. UBS has an average rating of “Hold” and an average target price of $19.00.
Shares of UBS AG (NYSE:UBS) traded up $0.44 during trading hours on Friday, hitting $17.48. The stock had a trading volume of 3,498,929 shares, compared to its average volume of 1,737,876. UBS AG has a twelve month low of $15.10 and a twelve month high of $18.31. The stock has a market cap of $67,345.49, a P/E ratio of 15.33, a PEG ratio of 0.88 and a beta of 1.22. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21.
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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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