Jacobi Capital Management LLC lifted its position in shares of UBS AG (NYSE:UBS) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,514 shares of the bank’s stock after purchasing an additional 2,535 shares during the quarter. Jacobi Capital Management LLC’s holdings in UBS AG were worth $272,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. bought a new position in shares of UBS AG during the second quarter worth $136,000. Keybank National Association OH bought a new position in shares of UBS AG during the first quarter worth $165,000. Segantii Capital Management Ltd bought a new position in shares of UBS AG during the second quarter worth $166,000. Oppenheimer & Co. Inc. bought a new position in shares of UBS AG during the second quarter worth $173,000. Finally, Fifth Third Bancorp boosted its position in shares of UBS AG by 2.1% during the first quarter. Fifth Third Bancorp now owns 12,345 shares of the bank’s stock worth $197,000 after purchasing an additional 255 shares in the last quarter. 31.42% of the stock is currently owned by institutional investors.
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UBS has been the topic of a number of recent analyst reports. Morgan Stanley reissued a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of UBS AG from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, September 1st. J P Morgan Chase & Co reissued a “neutral” rating on shares of UBS AG in a research report on Monday, May 29th. BNP Paribas initiated coverage on shares of UBS AG in a research report on Thursday, August 31st. They set an “outperform” rating on the stock. Finally, BidaskClub raised shares of UBS AG from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. UBS AG has an average rating of “Buy” and a consensus target price of $19.00.
Shares of UBS AG (NYSE:UBS) opened at 16.98 on Friday. UBS AG has a 52-week low of $12.86 and a 52-week high of $18.31. The company has a 50-day moving average of $16.84 and a 200 day moving average of $16.54. The company has a market capitalization of $63.11 billion, a PE ratio of 15.77 and a beta of 1.25.
UBS AG 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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