Prudential PLC Has $158.17 Million Holdings in UBS AG (UBS)
Prudential PLC grew its stake in UBS AG (NYSE:UBS) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,315,213 shares of the bank’s stock after buying an additional 6,980 shares during the period. Prudential PLC owned approximately 0.25% of UBS AG worth $158,172,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in UBS. Royal Bank of Canada boosted its stake in shares of UBS AG by 5.9% during the 2nd quarter. Royal Bank of Canada now owns 2,535,331 shares of the bank’s stock worth $43,051,000 after acquiring an additional 141,158 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of UBS AG by 4.9% during the 2nd quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock valued at $244,000 after acquiring an additional 673 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of UBS AG by 6.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,149 shares of the bank’s stock valued at $401,000 after acquiring an additional 1,378 shares during the last quarter. PDT Partners LLC acquired a new position in shares of UBS AG during the 2nd quarter valued at about $12,691,000. Finally, QS Investors LLC increased its holdings in shares of UBS AG by 588.6% during the 2nd quarter. QS Investors LLC now owns 148,936 shares of the bank’s stock valued at $2,529,000 after acquiring an additional 127,306 shares during the last quarter. 31.42% of the stock is owned by institutional investors.
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A number of research analysts recently weighed in on the company. Zacks Investment Research raised UBS AG from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, September 1st. BidaskClub raised UBS AG from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Morgan Stanley reaffirmed a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Finally, ValuEngine downgraded UBS AG from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. UBS AG presently has a consensus rating of “Buy” and an average price target of $19.00.
Shares of UBS AG (NYSE UBS) traded up 0.321% during midday trading on Tuesday, hitting $17.175. The stock had a trading volume of 779,332 shares. The firm has a market capitalization of $63.83 billion, a PE ratio of 15.859 and a beta of 1.25. The company’s 50 day moving average price is $16.73 and its 200-day moving average price is $16.61. UBS AG has a 1-year low of $13.21 and a 1-year high of $18.31.
UBS AG Profile
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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