Oppenheimer Asset Management Inc. Purchases 71,630 Shares of UBS AG (UBS)
Oppenheimer Asset Management Inc. boosted its position in shares of UBS AG (NYSE:UBS) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,241 shares of the bank’s stock after buying an additional 71,630 shares during the period. Oppenheimer Asset Management Inc.’s holdings in UBS AG were worth $7,424,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UBS. Thornburg Investment Management Inc. raised its position in shares of UBS AG by 8.8% in the first quarter. Thornburg Investment Management Inc. now owns 2,229,907 shares of the bank’s stock worth $35,567,000 after buying an additional 181,254 shares during the last quarter. Trexquant Investment LP raised its position in shares of UBS AG by 73.7% in the first quarter. Trexquant Investment LP now owns 58,884 shares of the bank’s stock worth $939,000 after buying an additional 24,984 shares during the last quarter. Stevens Capital Management LP raised its position in shares of UBS AG by 54.3% in the first quarter. Stevens Capital Management LP now owns 131,214 shares of the bank’s stock worth $2,093,000 after buying an additional 46,175 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of UBS AG during the first quarter worth approximately $2,919,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of UBS AG by 16.2% in the first quarter. Parametric Portfolio Associates LLC now owns 1,586,740 shares of the bank’s stock worth $25,309,000 after buying an additional 221,544 shares during the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.
Shares of UBS AG (UBS) opened at 16.42 on Friday. The firm has a market cap of $61.03 billion, a P/E ratio of 15.40 and a beta of 1.25. The company’s 50-day moving average price is $17.24 and its 200 day moving average price is $16.47. UBS AG has a 52 week low of $12.86 and a 52 week high of $18.31.
A number of research analysts have commented on the company. BidaskClub lowered UBS AG from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Morgan Stanley restated a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Zacks Investment Research lowered UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research report on Thursday, July 13th. Finally, BNP Paribas assumed coverage on UBS AG in a research report on Thursday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.14.
UBS AG 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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