Cardinal Capital Management increased its holdings in shares of UBS AG (NYSE:UBS) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,746 shares of the bank’s stock after buying an additional 11,789 shares during the quarter. Cardinal Capital Management’s holdings in UBS AG were worth $1,624,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake 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 valued at $1,463,669,000 after buying an additional 4,634,833 shares during the period. Franklin Resources Inc. increased its stake 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 valued at $981,476,000 after buying an additional 10,125,809 shares during the period. Fisher Asset Management LLC increased its stake in shares of UBS AG by 2.8% in the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock valued at $708,350,000 after buying an additional 1,136,180 shares during the period. State Street Corp increased its stake in shares of UBS AG by 0.3% in the second quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock valued at $263,411,000 after buying an additional 50,948 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of UBS AG by 2.5% in the second quarter. Canada Pension Plan Investment Board now owns 11,243,300 shares of the bank’s stock valued at $190,666,000 after buying an additional 273,187 shares during the period. Institutional investors and hedge funds own 31.57% of the company’s stock.
Several research firms recently commented on UBS. Societe Generale reaffirmed a “hold” rating on shares of UBS AG in a research note on Monday, October 30th. Bank of America Corporation raised UBS AG from a “neutral” rating to a “buy” rating in a research note on Friday. BidaskClub cut UBS AG from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. ValuEngine cut UBS AG from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised UBS AG from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.00.
Shares of UBS AG (UBS) traded up $0.18 during trading hours on Friday, reaching $17.11. The company’s stock had a trading volume of 2,681,200 shares, compared to its average volume of 2,034,513. UBS AG has a 1-year low of $15.10 and a 1-year high of $18.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $65,223.45, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.96 and a beta of 1.24.
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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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