UBS AG (UBS) Upgraded by RBC Capital Markets to “Sector Perform”
A number of other brokerages also recently issued reports on UBS. Barclays PLC upgraded UBS AG from an equal weight rating to an overweight rating and reduced their price target for the company from $21.00 to $17.00 in a report on Thursday, June 9th. BNP Paribas restated a sell rating on shares of UBS AG in a report on Monday, September 12th. Zacks Investment Research upgraded UBS AG from a sell rating to a hold rating in a report on Tuesday, August 30th. JPMorgan Chase & Co. downgraded UBS AG from a neutral rating to an underweight rating in a report on Monday, June 27th. Finally, Credit Suisse Group AG assumed coverage on UBS AG in a report on Monday, September 19th. They set a neutral rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $16.87.
UBS AG (NYSE:UBS) traded down 0.957% on Wednesday, hitting $13.965. The stock had a trading volume of 949,484 shares. UBS AG has a 1-year low of $11.93 and a 1-year high of $20.70. The company has a market cap of $51.76 billion, a P/E ratio of 10.885 and a beta of 1.32. The stock has a 50 day moving average price of $13.98 and a 200 day moving average price of $14.55.
Several large investors have recently bought and sold shares of UBS. Macquarie Group Ltd. raised its stake in UBS AG by 1,299,575.3% in the second quarter. Macquarie Group Ltd. now owns 3,574,107 shares of the company’s stock valued at $46,321,000 after buying an additional 3,573,832 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in UBS AG by 37.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,646 shares of the company’s stock valued at $150,000 after buying an additional 3,182 shares during the period. IFP Advisors Inc raised its stake in UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock valued at $110,000 after buying an additional 2,598 shares during the period. Stifel Financial Corp bought a new stake in UBS AG during the second quarter valued at approximately $2,890,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in UBS AG by 49.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,059,611 shares of the company’s stock valued at $13,672,000 after buying an additional 352,072 shares during the period. Hedge funds and other institutional investors own 26.90% of the company’s stock.
UBS AG Company Profile
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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