Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its stake in shares of UBS AG (NYSE:UBS) by 38.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127,696 shares of the company’s stock after selling 698,769 shares during the period. UBS AG comprises 1.3% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 25th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in UBS AG were worth $14,598,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of UBS AG during the second quarter valued at $67,922,000. Fisher Asset Management LLC raised its stake in shares of UBS AG by 3.7% in the second quarter. Fisher Asset Management LLC now owns 31,407,907 shares of the company’s stock valued at $392,913,000 after buying an additional 1,128,110 shares during the period. Prudential PLC raised its stake in shares of UBS AG by 3.6% in the first quarter. Prudential PLC now owns 7,815,491 shares of the company’s stock valued at $125,204,000 after buying an additional 273,812 shares during the period. Lombard Odier Transatlantic Limited Partnership acquired a new stake in shares of UBS AG during the first quarter valued at $2,188,000. Finally, AMP Capital Investors Ltd raised its stake in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock valued at $44,542,000 after buying an additional 101,297 shares during the period. Institutional investors and hedge funds own 27.98% of the company’s stock.

Institutional Ownership by Quarter for UBS AG (NYSE:UBS)

Shares of UBS AG (NYSE:UBS) traded up 1.20% during trading on Tuesday, hitting $13.51. 1,488,996 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $13.95 and its 200-day moving average price is $14.39. The stock has a market cap of $50.08 billion, a PE ratio of 10.65 and a beta of 1.33. UBS AG has a 1-year low of $11.93 and a 1-year high of $20.70.

Several analysts have recently weighed in on UBS shares. Royal Bank Of Canada lowered shares of UBS AG from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, June 28th. Macquarie lowered shares of UBS AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. lowered shares of UBS AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of UBS AG from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, Barclays PLC restated a “buy” rating on shares of UBS AG in a research report on Sunday, September 11th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.87.

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.

5 Day Chart for NYSE:UBS

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