UBS AG (UBS) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN grew its holdings in UBS AG (NYSE:UBS) by 34.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,372,190 shares of the bank’s stock after purchasing an additional 1,118,473 shares during the period. Wells Fargo & Company MN owned about 0.11% of UBS worth $74,983,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale lifted its position in UBS by 4.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,208,590 shares of the bank’s stock valued at $71,398,000 after purchasing an additional 165,424 shares in the last quarter. British Airways Pensions Investment Management Ltd lifted its position in shares of UBS by 9.0% in the third quarter. British Airways Pensions Investment Management Ltd now owns 1,100,232 shares of the bank’s stock valued at $18,814,000 after acquiring an additional 90,515 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of UBS by 42.4% in the third quarter. SG Americas Securities LLC now owns 358,091 shares of the bank’s stock valued at $6,141,000 after acquiring an additional 106,680 shares in the last quarter. AXA lifted its position in shares of UBS by 94.1% in the second quarter. AXA now owns 6,299,667 shares of the bank’s stock valued at $106,968,000 after acquiring an additional 3,054,657 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of UBS in the second quarter valued at about $4,357,000. 32.00% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. TheStreet raised UBS from a “d” rating to a “c” rating in a report on Monday, November 27th. Bank of America raised UBS from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. Societe Generale reaffirmed a “hold” rating on shares of UBS in a report on Monday, October 30th. Zacks Investment Research cut UBS from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, Instinet cut UBS from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.00.
UBS AG (NYSE UBS) traded down $0.13 on Thursday, hitting $16.97. The stock had a trading volume of 1,588,500 shares, compared to its average volume of 2,012,489. The company has a market capitalization of $65,881.46, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.22. UBS AG has a 1 year low of $15.10 and a 1 year high of $18.31. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21.
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UBS Company 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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