UBS AG (UBS) Shares Bought by Allianz Asset Management GmbH
Allianz Asset Management GmbH boosted its position in shares of UBS AG (NYSE:UBS) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,820,263 shares of the bank’s stock after purchasing an additional 668,175 shares during the period. UBS accounts for 0.3% of Allianz Asset Management GmbH’s investment portfolio, making the stock its 27th biggest holding. Allianz Asset Management GmbH owned 0.54% of UBS worth $356,125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc acquired a new stake in shares of UBS during the 2nd quarter valued at $118,000. Fiduciary Trust Co. acquired a new stake in shares of UBS during the 2nd quarter valued at $136,000. Segantii Capital Management Ltd acquired a new stake in shares of UBS during the 2nd quarter valued at $166,000. Oppenheimer & Co. Inc. acquired a new stake in shares of UBS during the 2nd quarter valued at $173,000. Finally, 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 valued at $178,000 after buying an additional 2,809 shares during the period. Hedge funds and other institutional investors own 32.00% of the company’s stock.
UBS AG (NYSE:UBS) traded down $0.16 during mid-day trading on Tuesday, hitting $17.36. 1,912,800 shares of the company traded hands, compared to its average volume of 2,017,695. 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 $15.10 and a 1-year high of $18.31. The firm has a market cap of $66,270.00, a price-to-earnings ratio of 15.37, a PEG ratio of 0.89 and a beta of 1.24.
Several research firms recently issued reports on UBS. BNP Paribas began coverage on shares of UBS in a research note on Thursday, August 31st. They issued an “outperform” rating for the company. Zacks Investment Research lowered shares of UBS from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Societe Generale reaffirmed a “hold” rating on shares of UBS in a research note on Monday, October 30th. ValuEngine lowered shares of UBS from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of UBS from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.00.
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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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