Chescapmanager LLC Takes Position in UBS AG (UBS)

Chescapmanager LLC bought a new position in shares of UBS AG (NYSE:UBS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 142,500 shares of the bank’s stock, valued at approximately $2,273,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBS. NWQ Investment Management Company LLC boosted its position in shares of UBS AG by 26.9% in the fourth quarter. NWQ Investment Management Company LLC now owns 2,789,761 shares of the bank’s stock valued at $43,716,000 after buying an additional 591,120 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of UBS AG during the first quarter valued at approximately $490,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of UBS AG by 0.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 833,317 shares of the bank’s stock valued at $13,360,000 after buying an additional 3,318 shares during the period. First Republic Investment Management Inc. boosted its position in shares of UBS AG by 34.1% in the fourth quarter. First Republic Investment Management Inc. now owns 56,144 shares of the bank’s stock valued at $879,000 after buying an additional 14,277 shares during the period. Finally, Comerica Bank boosted its position in shares of UBS AG by 8.5% in the fourth quarter. Comerica Bank now owns 225,422 shares of the bank’s stock valued at $3,846,000 after buying an additional 17,655 shares during the period. 26.31% of the stock is owned by hedge funds and other institutional investors.

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

Shares of UBS AG (NYSE UBS) traded down 1.66% during mid-day trading on Tuesday, hitting $16.02. The stock had a trading volume of 1,440,540 shares. The stock’s 50-day moving average price is $16.43 and its 200 day moving average price is $16.16. The company has a market capitalization of $59.50 billion, a P/E ratio of 15.74 and a beta of 1.24. UBS AG has a 1-year low of $11.93 and a 1-year high of $17.71.

UBS AG (NYSE:UBS) last issued its quarterly earnings data on Friday, April 28th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The company had revenue of $7.50 billion for the quarter. UBS AG had a net margin of 10.62% and a return on equity of 7.51%. On average, analysts predict that UBS AG will post $1.33 EPS for the current fiscal year.

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UBS has been the subject of several recent analyst reports. Zacks Investment Research lowered UBS AG from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 6th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of UBS AG in a research note on Monday, May 29th. Finally, Rafferty Capital Markets lowered UBS AG from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. UBS AG currently has an average rating of “Hold” and an average price target of $16.64.

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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