Mackenzie Financial Corp raised its holdings in shares of UBS AG (NYSE:UBS) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,018,180 shares of the bank’s stock after purchasing an additional 18,286 shares during the quarter. Mackenzie Financial Corp’s holdings in UBS were worth $17,462,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of UBS by 43.7% during the second quarter. US Bancorp DE now owns 33,605 shares of the bank’s stock valued at $570,000 after buying an additional 10,217 shares during the period. Janney Montgomery Scott LLC increased its position in shares of UBS by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 47,149 shares of the bank’s stock worth $801,000 after purchasing an additional 5,162 shares during the last quarter. Beach Investment Management LLC. bought a new position in shares of UBS in the second quarter worth approximately $728,000. Cigna Investments Inc. New bought a new position in shares of UBS in the second quarter worth approximately $1,204,000. Finally, Canada Pension Plan Investment Board increased its position in shares of UBS by 2.5% in the second quarter. Canada Pension Plan Investment Board now owns 11,243,300 shares of the bank’s stock worth $190,666,000 after purchasing an additional 273,187 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on UBS. Zacks Investment Research cut shares of UBS from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. TheStreet upgraded shares of UBS from a “d” rating to a “c” rating in a research report on Monday, November 27th. Instinet cut shares of UBS from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st. Societe Generale reiterated a “hold” rating on shares of UBS in a research report on Monday, October 30th. Finally, Bank of America upgraded shares of UBS from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th. 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
UBS AG (NYSE:UBS) traded up $0.07 during trading hours on Friday, hitting $18.11. The stock had a trading volume of 2,050,850 shares, compared to its average volume of 2,032,112. The stock has a market capitalization of $69,503.02, a price-to-earnings ratio of 15.82, a PEG ratio of 0.91 and a beta of 1.22. UBS AG has a 52-week low of $15.10 and a 52-week high of $18.31. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21.
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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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