UBS AG (UBS) Position Raised by State of Wisconsin Investment Board
State of Wisconsin Investment Board increased its holdings in shares of UBS AG (NYSE:UBS) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,292,848 shares of the bank’s stock after purchasing an additional 22,824 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.12% of UBS AG worth $73,426,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of UBS. Dimensional Fund Advisors LP lifted its stake in UBS AG by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,066,717 shares of the bank’s stock worth $32,964,000 after purchasing an additional 131,711 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in UBS AG by 18.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 13,748 shares of the bank’s stock worth $220,000 after purchasing an additional 2,156 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in UBS AG during the second quarter worth approximately $292,000. Capital One National Association lifted its stake in UBS AG by 3.8% in the second quarter. Capital One National Association now owns 34,522 shares of the bank’s stock valued at $586,000 after buying an additional 1,252 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in UBS AG by 9.5% in the second quarter. Bank of Montreal Can now owns 5,160,582 shares of the bank’s stock valued at $87,627,000 after buying an additional 446,614 shares during the last quarter. Hedge funds and other institutional investors own 31.57% of the company’s stock.
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UBS AG (NYSE:UBS) traded down $0.13 during trading hours on Monday, hitting $16.95. The stock had a trading volume of 271,618 shares, compared to its average volume of 1,568,864. The firm has a market capitalization of $65,801.34, a price-to-earnings ratio of 14.98, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21. UBS AG has a 1-year low of $13.38 and a 1-year high of $18.31.
A number of equities research analysts have weighed in on UBS shares. ValuEngine cut UBS AG from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded UBS AG from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, September 1st. Morgan Stanley reiterated a “buy” rating on shares of UBS AG in a research note on Tuesday, July 18th. Finally, BidaskClub cut UBS AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. UBS AG currently has a consensus rating of “Hold” and a consensus 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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