UBS AG (UBS) Given Average Rating of “Hold” by Brokerages
Shares of UBS AG (NYSE:UBS) have received an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company.
A number of brokerages recently weighed in on UBS. BidaskClub downgraded shares of UBS AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of UBS AG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Instinet downgraded shares of UBS AG from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. Societe Generale reissued a “hold” rating on shares of UBS AG in a research note on Monday, October 30th. Finally, Bank of America Corporation raised shares of UBS AG from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th.
Several hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its stake in shares of UBS AG by 4.1% during the third quarter. Neuberger Berman Group LLC now owns 516,883 shares of the bank’s stock worth $8,865,000 after acquiring an additional 20,225 shares in the last quarter. Highbridge Capital Management LLC raised its stake in shares of UBS AG by 5.2% during the third quarter. Highbridge Capital Management LLC now owns 296,000 shares of the bank’s stock worth $5,063,000 after acquiring an additional 14,733 shares in the last quarter. Capital Bank & Trust Co raised its stake in shares of UBS AG by 3.4% during the third quarter. Capital Bank & Trust Co now owns 1,806,084 shares of the bank’s stock worth $30,895,000 after acquiring an additional 60,124 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of UBS AG by 86.3% in the third quarter. Jane Street Group LLC now owns 130,847 shares of the bank’s stock worth $2,244,000 after purchasing an additional 60,597 shares during the last quarter. Finally, Glovista Investments LLC bought a new position in shares of UBS AG in the third quarter worth approximately $403,000. 32.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UBS AG (NYSE UBS) traded up $0.10 on Monday, reaching $17.15. 1,548,600 shares of the company were exchanged, compared to its average volume of 2,017,101. The stock has a market capitalization of $66,180.00 and a P/E ratio of 15.04. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21. UBS AG has a 1-year low of $15.10 and a 1-year high of $18.31.
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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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