Caisse DE Depot ET Placement DU Quebec boosted its stake in UBS AG (NYSE:UBS) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,413 shares of the bank’s stock after buying an additional 17,802 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in UBS were worth $15,500,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in UBS by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after purchasing an additional 4,634,833 shares in the last quarter. Franklin Resources Inc. lifted its stake in UBS by 21.2% in the 2nd quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock worth $981,476,000 after purchasing an additional 10,125,809 shares in the last quarter. Fisher Asset Management LLC lifted its stake in UBS by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after purchasing an additional 1,136,180 shares in the last quarter. State Street Corp lifted its stake in UBS by 0.3% in the 2nd quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock worth $263,411,000 after purchasing an additional 50,948 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in UBS by 2.5% in the 2nd 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 in the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.
UBS has been the topic of a number of research reports. BNP Paribas assumed coverage on shares of UBS in a research note on Thursday, August 31st. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of UBS from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Societe Generale restated a “hold” rating on shares of UBS in a report on Monday, October 30th. ValuEngine downgraded shares of UBS from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of UBS from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Two investment 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 has a consensus rating of “Hold” and a consensus price target of $19.00.
UBS AG (UBS) traded down $0.13 during trading on Thursday, reaching $16.97. 1,588,500 shares of the company traded hands, compared to its average volume of 2,012,489. The firm has a market cap of $65,881.46, a P/E ratio of 15.00, a PEG ratio of 0.87 and a beta of 1.22. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21. UBS AG has a 12-month low of $15.10 and a 12-month high of $18.31.
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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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