Highbridge Capital Management LLC Has $5.06 Million Position in UBS AG (UBS)

Highbridge Capital Management LLC increased its position in shares of UBS AG (NYSE:UBS) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 296,000 shares of the bank’s stock after buying an additional 14,733 shares during the period. Highbridge Capital Management LLC’s holdings in UBS were worth $5,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in UBS by 5.7% during the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after buying an additional 4,634,833 shares during the last quarter. Franklin Resources Inc. increased its stake in UBS by 21.2% in the second quarter. Franklin Resources Inc. now owns 57,935,725 shares of the bank’s stock valued at $981,476,000 after purchasing an additional 10,125,809 shares in the last quarter. Fisher Asset Management LLC increased its stake in UBS by 2.8% in the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock valued at $708,350,000 after purchasing an additional 1,136,180 shares in the last quarter. Allianz Asset Management GmbH increased its stake in UBS by 3.3% in the third quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock valued at $356,125,000 after purchasing an additional 668,175 shares in the last quarter. Finally, State Street Corp increased its stake in UBS by 0.3% in the second quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock valued at $263,411,000 after purchasing an additional 50,948 shares in the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on UBS shares. Zacks Investment Research raised shares of UBS from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, September 1st. Bank of America raised shares of UBS from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. BidaskClub downgraded shares of UBS from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. ValuEngine downgraded shares of UBS from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BNP Paribas started coverage on shares of UBS in a research note on Thursday, August 31st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.

Shares of UBS AG (UBS) traded up $0.06 during midday trading on Wednesday, hitting $17.86. 2,425,800 shares of the stock were exchanged, compared to its average volume of 2,024,770. The firm has a market capitalization of $68,578.36, a PE ratio of 15.61, a P/E/G ratio of 0.90 and a beta of 1.22. UBS AG has a 52-week low of $15.10 and a 52-week high of $18.31. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21.

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UBS 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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Institutional Ownership by Quarter for UBS (NYSE:UBS)

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