QS Investors LLC reduced its stake in shares of UBS (NYSE:UBS) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,472 shares of the bank’s stock after selling 4,898 shares during the quarter. QS Investors LLC’s holdings in UBS were worth $2,271,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of UBS by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 65,055,289 shares of the bank’s stock valued at $1,197,783,000 after purchasing an additional 2,520,690 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of UBS by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 42,907,502 shares of the bank’s stock valued at $789,069,000 after purchasing an additional 1,604,297 shares during the last quarter. Deutsche Bank AG grew its stake in shares of UBS by 13.9% during the fourth quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock valued at $459,289,000 after purchasing an additional 3,038,816 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of UBS by 4.5% during the fourth quarter. Allianz Asset Management GmbH now owns 21,758,540 shares of the bank’s stock valued at $400,573,000 after purchasing an additional 938,277 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of UBS during the fourth quarter valued at approximately $352,202,000. 36.72% of the stock is currently owned by institutional investors and hedge funds.
UBS has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS in a research note on Wednesday, March 7th. Morgan Stanley restated a “buy” rating on shares of UBS in a report on Tuesday, February 13th. Zacks Investment Research upgraded shares of UBS from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Monday, January 15th. TheStreet upgraded shares of UBS from a “d” rating to a “c” rating in a report on Monday, November 27th. Finally, Credit Suisse Group upgraded shares of UBS from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.
UBS (NYSE UBS) opened at $18.27 on Tuesday. UBS has a twelve month low of $15.10 and a twelve month high of $20.89. The firm has a market cap of $71,108.35, a P/E ratio of 16.47 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.
UBS (NYSE:UBS) last announced its quarterly earnings data on Sunday, January 21st. The bank reported $0.17 earnings per share for the quarter. UBS had a net margin of 3.16% and a return on equity of 7.96%. The business had revenue of $7.31 billion for the quarter. equities analysts predict that UBS will post 1.7 EPS for the current fiscal year.
UBS declared that its Board of Directors has authorized a stock buyback plan on Monday, January 22nd that allows the company to repurchase outstanding shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
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UBS Company Profile
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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