M&T Bank Corp Has $603,000 Position in UBS AG (UBS)
M&T Bank Corp boosted its holdings in UBS AG (NYSE:UBS) by 115.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,492 shares of the bank’s stock after purchasing an additional 19,017 shares during the period. M&T Bank Corp’s holdings in UBS AG were worth $603,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Level Four Advisory Services LLC boosted its holdings in UBS AG by 0.8% in the first quarter. Level Four Advisory Services LLC now owns 21,991 shares of the bank’s stock valued at $345,000 after purchasing an additional 181 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in UBS AG by 1.2% during the 2nd quarter. Pinnacle Associates Ltd. now owns 16,090 shares of the bank’s stock worth $273,000 after buying an additional 192 shares during the last quarter. Fifth Third Bancorp lifted its holdings in UBS AG by 2.1% during the 1st quarter. Fifth Third Bancorp now owns 12,345 shares of the bank’s stock worth $197,000 after buying an additional 255 shares during the last quarter. Hartland & Co. LLC lifted its holdings in UBS AG by 0.9% during the 2nd quarter. Hartland & Co. LLC now owns 30,264 shares of the bank’s stock worth $514,000 after buying an additional 264 shares during the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in UBS AG by 0.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 109,687 shares of the bank’s stock worth $1,862,000 after buying an additional 372 shares during the last quarter. 31.42% of the stock is owned by hedge funds and other institutional investors.
Shares of UBS AG (NYSE:UBS) opened at 17.17 on Friday. UBS AG has a 12 month low of $13.21 and a 12 month high of $18.31. The firm has a market capitalization of $63.81 billion, a PE ratio of 15.85 and a beta of 1.26. The stock’s 50 day moving average price is $16.73 and its 200-day moving average price is $16.63.
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UBS has been the topic of a number of research analyst reports. J P Morgan Chase & Co raised UBS AG from a “neutral” rating to an “overweight” rating in a report on Monday, June 26th. BidaskClub raised UBS AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded UBS AG from a “strong-buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Thursday, July 13th. Morgan Stanley reaffirmed a “buy” rating on shares of UBS AG in a report on Tuesday, July 18th. Finally, BNP Paribas initiated coverage on UBS AG in a report on Thursday, August 31st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.00.
About UBS AG
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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