Mackenzie Financial Corp raised its holdings in UBS AG (NYSE:UBS) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,018,180 shares of the bank’s stock after buying an additional 18,286 shares during the period. Mackenzie Financial Corp’s holdings in UBS were worth $17,462,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of UBS. Mountain Capital Investment Advisors Inc purchased a new stake in UBS in the second quarter valued at $118,000. Fiduciary Trust Co. purchased a new stake in UBS in the second quarter valued at $136,000. Segantii Capital Management Ltd purchased a new stake in UBS in the second quarter valued at $166,000. Oppenheimer & Co. Inc. purchased a new stake in UBS in the second quarter valued at $173,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in UBS by 36.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after acquiring an additional 2,809 shares during the last quarter. 32.00% of the stock is owned by institutional investors.
Shares of UBS AG (UBS) traded down $0.13 on Thursday, reaching $16.97. 1,588,500 shares of the company’s stock traded hands, compared to its average volume of 2,012,489. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS AG has a one year low of $15.10 and a one year high of $18.31. The firm has a market capitalization of $65,881.46, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.87 and a beta of 1.22.
A number of brokerages recently weighed in on UBS. TheStreet raised shares of UBS from a “d” rating to a “c” rating in a research report on Monday, November 27th. ValuEngine lowered shares of UBS from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of UBS from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, September 18th. Instinet lowered shares of UBS from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. Finally, Societe Generale restated a “hold” rating on shares of UBS in a research note on Monday, October 30th. Two investment 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 company currently has a consensus rating of “Hold” and a consensus 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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