UBS AG (UBS) Stake Lowered by Capital International Inc. CA
Capital International Inc. CA cut its holdings in UBS AG (NYSE:UBS) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,427 shares of the bank’s stock after selling 10,764 shares during the period. Capital International Inc. CA’s holdings in UBS were worth $1,701,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Mountain Capital Investment Advisors Inc bought a new position in UBS during the second quarter valued at about $118,000. Fiduciary Trust Co. bought a new position in UBS during the second quarter valued at about $136,000. Segantii Capital Management Ltd bought a new position in UBS during the second quarter valued at about $166,000. Oppenheimer & Co. Inc. bought a new position in UBS during the second quarter valued at about $173,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in UBS by 36.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after acquiring an additional 2,809 shares during the period. Institutional investors and hedge funds own 32.00% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded UBS from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, August 25th. Instinet lowered UBS from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. TheStreet upgraded UBS from a “d” rating to a “c” rating in a research note on Monday, November 27th. Societe Generale reiterated a “hold” rating on shares of UBS in a research note on Monday, October 30th. Finally, BNP Paribas began coverage on UBS in a research note on Thursday, August 31st. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. UBS currently has a consensus rating of “Hold” and an average target price of $19.00.
UBS AG (NYSE UBS) traded up $0.44 during mid-day trading 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 52 week low of $15.10 and a 52 week high of $18.31. The company has a market cap of $65,650.30, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.86 and a beta of 1.22. 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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