UBS (NYSE:UBS) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its position in UBS (NYSE:UBS) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,567,971 shares of the bank’s stock after acquiring an additional 105,844 shares during the quarter. Raymond James & Associates’ holdings in UBS were worth $28,868,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of UBS by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock valued at $174,745,000 after buying an additional 290,696 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of UBS by 45.5% during the 3rd quarter. Quantbot Technologies LP now owns 59,848 shares of the bank’s stock valued at $1,026,000 after buying an additional 18,726 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of UBS by 42.4% during the 3rd quarter. SG Americas Securities LLC now owns 358,091 shares of the bank’s stock valued at $6,141,000 after buying an additional 106,680 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of UBS by 9.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 660,876 shares of the bank’s stock valued at $11,326,000 after buying an additional 56,921 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of UBS by 1.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 973,493 shares of the bank’s stock valued at $16,651,000 after buying an additional 17,147 shares during the last quarter. 36.72% of the stock is owned by institutional investors.

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Several equities analysts have recently commented on the company. Zacks Investment Research cut UBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 3rd. ValuEngine cut UBS from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. JPMorgan Chase restated 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 research note on Tuesday, February 13th. Finally, Credit Suisse Group upgraded UBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.00.

UBS stock traded down $0.22 during mid-day trading on Friday, reaching $17.09. The company had a trading volume of 2,379,418 shares, compared to its average volume of 2,410,757. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $65,869.94, a price-to-earnings ratio of 15.97 and a beta of 1.33. UBS has a one year low of $15.10 and a one year high of $20.89.

UBS (NYSE:UBS) last posted its earnings results on Sunday, January 21st. The bank reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $7.31 billion for the quarter. UBS had a return on equity of 7.96% and a net margin of 3.16%. analysts predict that UBS will post 1.63 EPS for the current fiscal year.

UBS declared that its Board of Directors has approved a share repurchase plan on Monday, January 22nd that allows the company to buyback outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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UBS Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

Institutional Ownership by Quarter for UBS (NYSE:UBS)

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