Bank of America Corporation upgraded shares of UBS AG (NYSE:UBS) from a neutral rating to a buy rating in a research note issued to investors on Friday, November 10th, Marketbeat.com reports.
UBS has been the topic of several other research reports. Zacks Investment Research upgraded shares of UBS AG from a hold rating to a buy rating and set a $18.00 price objective on the stock in a report on Friday, September 1st. ValuEngine lowered UBS AG from a strong-buy rating to a buy rating in a research report on Friday, September 1st. BidaskClub lowered UBS AG from a sell rating to a strong sell rating in a research report on Thursday, August 24th. BNP Paribas started coverage on UBS AG in a research report on Thursday, August 31st. They issued an outperform rating on the stock. Finally, Societe Generale reiterated a hold rating on shares of UBS AG in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. UBS AG has an average rating of Hold and an average price target of $19.00.
UBS AG (NYSE UBS) traded down $0.05 on Friday, hitting $17.10. 1,581,999 shares of the stock traded hands, compared to its average volume of 2,015,158. UBS AG has a 12-month low of $15.10 and a 12-month high of $18.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $66,180.00 and a P/E ratio of 15.04.
A number of institutional investors have recently added to or reduced their stakes in UBS. Dimensional Fund Advisors LP boosted its position in UBS AG by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,066,717 shares of the bank’s stock worth $32,964,000 after purchasing an additional 131,711 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of UBS AG by 18.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,748 shares of the bank’s stock valued at $220,000 after buying an additional 2,156 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of UBS AG during the 2nd quarter valued at approximately $292,000. Capital One National Association lifted its position in shares of UBS AG by 3.8% during the 2nd quarter. Capital One National Association now owns 34,522 shares of the bank’s stock valued at $586,000 after buying an additional 1,252 shares in the last quarter. Finally, Creative Planning lifted its position in shares of UBS AG by 55.7% during the 2nd quarter. Creative Planning now owns 106,463 shares of the bank’s stock valued at $1,807,000 after buying an additional 38,094 shares in the last quarter. Institutional investors and hedge funds own 32.59% of the company’s stock.
UBS AG 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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