Segantii Capital Management Ltd Takes Position in UBS AG (NYSE:UBS)
Segantii Capital Management Ltd purchased a new stake in UBS AG (NYSE:UBS) during the second quarter, Holdings Channel reports. The fund purchased 9,783 shares of the bank’s stock, valued at approximately $166,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN boosted its stake in UBS AG by 18.1% in the first quarter. OLD National Bancorp IN now owns 30,990 shares of the bank’s stock valued at $494,000 after buying an additional 4,745 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of UBS AG by 76.7% in the first quarter. Tocqueville Asset Management L.P. now owns 1,413,619 shares of the bank’s stock valued at $22,547,000 after buying an additional 613,730 shares in the last quarter. Greenleaf Trust bought a new position in shares of UBS AG during the first quarter valued at $249,000. BTC Capital Management Inc. bought a new position in shares of UBS AG during the first quarter valued at $168,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of UBS AG by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,987 shares of the bank’s stock valued at $670,000 after buying an additional 4,988 shares in the last quarter. 26.32% of the stock is owned by institutional investors and hedge funds.
Shares of UBS AG (UBS) opened at 17.05 on Friday. The company’s 50-day moving average price is $17.37 and its 200-day moving average price is $16.41. The company has a market cap of $63.37 billion, a price-to-earnings ratio of 16.05 and a beta of 1.24. UBS AG has a 12 month low of $12.86 and a 12 month high of $18.31.
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Several equities analysts have weighed in on UBS shares. Zacks Investment Research raised UBS AG from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Wednesday, May 10th. Rafferty Capital Markets cut UBS AG from a “buy” rating to a “hold” rating in a report on Saturday, April 22nd. Morgan Stanley reaffirmed a “buy” rating on shares of UBS AG in a report on Tuesday, July 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of UBS AG in a report on Monday, May 29th. Finally, BidaskClub raised UBS AG from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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