Stock Traders Buy Large Volume of Put Options on UBS AG (UBS)
UBS AG (NYSE:UBS) was the target of some unusual options trading activity on Monday. Stock investors purchased 1,021 put options on the company. This is an increase of approximately 837% compared to the average volume of 109 put options.
Several institutional investors have recently added to or reduced their stakes in UBS. Franklin Resources Inc. increased its holdings in shares of UBS AG by 21.2% in the second quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock worth $981,476,000 after purchasing an additional 10,125,809 shares during the period. Vanguard Group Inc. increased its holdings in shares of UBS AG by 5.7% in the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after purchasing an additional 4,634,833 shares during the period. AXA increased its holdings in shares of UBS AG by 94.1% in the second quarter. AXA now owns 6,299,667 shares of the bank’s stock worth $106,968,000 after purchasing an additional 3,054,657 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of UBS AG by 3,116.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock worth $43,446,000 after purchasing an additional 2,479,068 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of UBS AG by 23.6% in the second quarter. Russell Investments Group Ltd. now owns 9,868,486 shares of the bank’s stock worth $167,324,000 after purchasing an additional 1,886,760 shares during the period. 32.59% of the stock is currently owned by hedge funds and other institutional investors.
UBS has been the topic of a number of analyst reports. BidaskClub cut shares of UBS AG from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of UBS AG from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. BNP Paribas initiated coverage on shares of UBS AG in a report on Thursday, August 31st. They set an “outperform” rating on the stock. Finally, ValuEngine cut shares of UBS AG from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. UBS AG presently has a consensus rating of “Hold” and an average target price of $19.00.
Shares of UBS AG (NYSE UBS) opened at $17.20 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS AG has a 1-year low of $15.10 and a 1-year high of $18.31. The stock has a market cap of $66,250.00 and a price-to-earnings ratio of 15.00.
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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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