Private Advisor Group LLC lifted its holdings in shares of UBS AG (NYSE:UBS) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,872 shares of the bank’s stock after buying an additional 3,438 shares during the period. Private Advisor Group LLC’s holdings in UBS were worth $356,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UBS. Mountain Capital Investment Advisors Inc acquired a new position in shares of UBS during the 2nd quarter worth about $118,000. Fiduciary Trust Co. acquired a new position in shares of UBS during the 2nd quarter worth about $136,000. Oppenheimer & Co. Inc. acquired a new position in shares of UBS during the 2nd quarter worth about $173,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of UBS by 36.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after buying an additional 2,809 shares during the last quarter. Finally, MAI Capital Management bought a new stake in shares of UBS in the 2nd quarter valued at about $197,000. Institutional investors own 32.00% of the company’s stock.

Shares of UBS AG (UBS) traded up $0.06 on Wednesday, hitting $17.86. 2,425,800 shares of the stock traded hands, compared to its average volume of 2,024,770. UBS AG has a 12 month low of $15.10 and a 12 month high of $18.31. The company has a market capitalization of $68,578.36, a PE ratio of 15.61, a PEG ratio of 0.90 and a beta of 1.22. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21.

A number of brokerages have recently issued reports on UBS. ValuEngine cut shares of UBS from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of UBS from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, September 18th. TheStreet raised shares of UBS from a “d” rating to a “c” rating in a report on Monday, November 27th. Instinet cut shares of UBS from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Finally, Societe Generale reaffirmed a “hold” rating on shares of UBS in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.00.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/12/13/private-advisor-group-llc-acquires-3438-shares-of-ubs-ag-ubs.html.

UBS 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.

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 (NYSE:UBS)

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