UBS AG (UBS) Rating Increased to Sector Perform at RBC Capital Markets
UBS AG (NYSE:UBS) was upgraded by research analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut shares of UBS AG from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, June 28th. Sanford C. Bernstein began coverage on shares of UBS AG in a research report on Monday, July 11th. They set an “underperform” rating for the company. Zacks Investment Research upgraded shares of UBS AG from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. JPMorgan Chase & Co. cut shares of UBS AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Finally, Macquarie cut shares of UBS AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 5th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.87.
UBS AG (NYSE:UBS) traded down 0.14% during mid-day trading on Wednesday, hitting $13.91. 1,506,028 shares of the company were exchanged. The stock has a market cap of $51.56 billion, a P/E ratio of 10.79 and a beta of 1.32. The company has a 50 day moving average of $14.00 and a 200 day moving average of $14.52. UBS AG has a 12-month low of $11.93 and a 12-month high of $20.70.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its position in shares of UBS AG by 13.3% in the first quarter. Glenmede Trust Co. NA now owns 41,910 shares of the company’s stock valued at $671,000 after buying an additional 4,914 shares during the period. BlackRock Institutional Trust Company N.A. acquired a new position in shares of UBS AG during the first quarter valued at about $159,000. Prudential PLC raised its position in shares of UBS AG by 3.6% in the first quarter. Prudential PLC now owns 7,815,491 shares of the company’s stock valued at $125,204,000 after buying an additional 273,812 shares during the period. AMP Capital Investors Ltd raised its position in shares of UBS AG by 3.9% in the first quarter. AMP Capital Investors Ltd now owns 2,697,936 shares of the company’s stock valued at $44,542,000 after buying an additional 101,297 shares during the period. Finally, Lombard Odier Transatlantic Limited Partnership acquired a new position in shares of UBS AG during the first quarter valued at about $2,188,000. 26.90% of the stock is currently owned by institutional investors.
About UBS AG
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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