BB&T Corp Lowers Position in UBS AG (NYSE:UBS)

BB&T Corp reduced its stake in shares of UBS AG (NYSE:UBS) by 42.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the bank’s stock after selling 9,222 shares during the period. BB&T Corp’s holdings in UBS AG were worth $212,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Keybank National Association OH bought a new position in shares of UBS AG during the first quarter valued at about $165,000. BTC Capital Management Inc. bought a new position in shares of UBS AG during the first quarter valued at about $168,000. Insight 2811 Inc. bought a new position in shares of UBS AG during the first quarter valued at about $169,000. Private Bank & Trust Co. bought a new position in shares of UBS AG during the first quarter valued at about $182,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of UBS AG during the first quarter valued at about $190,000. 26.27% of the stock is owned by institutional investors and hedge funds.

UBS AG (NYSE:UBS) traded up 0.69% during trading on Friday, reaching $17.58. The company’s stock had a trading volume of 870,742 shares. The firm has a 50 day moving average of $17.13 and a 200 day moving average of $16.37. UBS AG has a 52 week low of $12.86 and a 52 week high of $18.31. The stock has a market capitalization of $65.34 billion, a price-to-earnings ratio of 16.31 and a beta of 1.24.

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Several equities analysts recently issued reports on UBS shares. Zacks Investment Research cut UBS AG from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 6th. Rafferty Capital Markets cut UBS AG from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. J P Morgan Chase & Co restated a “neutral” rating on shares of UBS AG in a research report on Monday, May 29th. Morgan Stanley restated a “buy” rating on shares of UBS AG in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded UBS AG from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.14.

About UBS AG

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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