Raymond James Trust N.A. cut its position in UBS AG (NYSE:UBS) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,176 shares of the bank’s stock after selling 7,639 shares during the period. Raymond James Trust N.A.’s holdings in UBS AG were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FNY Partners Fund LP raised its holdings in shares of UBS AG by 49.6% during the second quarter. FNY Partners Fund LP now owns 395,531 shares of the bank’s stock worth $6,716,000 after acquiring an additional 131,210 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of UBS AG by 36.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after acquiring an additional 2,809 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of UBS AG by 19.5% during the second quarter. Jacobi Capital Management LLC now owns 15,514 shares of the bank’s stock worth $272,000 after acquiring an additional 2,535 shares during the period. AXA raised its holdings in shares of UBS AG by 94.1% during the second quarter. AXA now owns 6,299,667 shares of the bank’s stock worth $106,968,000 after acquiring an additional 3,054,657 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of UBS AG by 21.2% during the second quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock worth $981,476,000 after acquiring an additional 10,125,809 shares during the period. Institutional investors own 31.42% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Raymond James Trust N.A. Has $360,000 Holdings in UBS AG (UBS)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/18/raymond-james-trust-n-a-has-360000-holdings-in-ubs-ag-ubs.html.

UBS AG (NYSE:UBS) opened at 16.70 on Monday. UBS AG has a 12 month low of $12.86 and a 12 month high of $18.31. The company has a market cap of $62.07 billion, a P/E ratio of 15.51 and a beta of 1.25. The stock has a 50 day moving average of $16.87 and a 200-day moving average of $16.52.

A number of brokerages recently commented on UBS. Morgan Stanley restated a “buy” rating on shares of UBS AG in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Thursday, July 13th. BidaskClub lowered shares of UBS AG from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of UBS AG in a report on Monday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.14.

UBS AG 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.

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS AG (NYSE:UBS).

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

Receive News & Stock Ratings for UBS AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS AG and related stocks with our FREE daily email newsletter.