Envestnet Asset Management Raised Ubs Group Ag (UBS) Stake; Blackrock Floating Rate Income Strategies Fund (FRA) Has 1 Sentiment

January 18, 2018 - By Peter Erickson

Envestnet Asset Management Inc increased Ubs Group Ag (UBS) stake by 6.71% reported in 2017Q3 SEC filing. Envestnet Asset Management Inc acquired 23,902 shares as Ubs Group Ag (UBS)’s stock rose 6.96%. The Envestnet Asset Management Inc holds 379,873 shares with $6.51 million value, up from 355,971 last quarter. Ubs Group Ag now has $73.56 billion valuation. The stock increased 1.93% or $0.375 during the last trading session, reaching $19.855. About 1.63M shares traded. UBS Group AG (NYSE:UBS) has risen 14.86% since January 18, 2017 and is uptrending. It has underperformed by 1.84% the S&P500.

The stock decreased 0.51% or $0.073 during the last trading session, reaching $14.167. About 154,034 shares traded or 6.04% up from the average. Blackrock Floating Rate Income (FRA) has risen 10.41% since January 18, 2017 and is uptrending. It has underperformed by 6.29% the S&P500.

Restructuring Capital Associates Lp holds 8% of its portfolio in Blackrock Floating Rate Income for 561,909 shares. Sterneck Capital Management Llc owns 115,882 shares or 0.95% of their US portfolio. Moreover, Provise Management Group Llc has 0.3% invested in the company for 144,298 shares. The California-based First Foundation Advisors has invested 0.29% in the stock. Coastline Trust Co, a Rhode Island-based fund reported 106,620 shares.

Among 12 analysts covering UBS AG (NYSE:UBS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. UBS AG had 21 analyst reports since September 15, 2015 according to SRatingsIntel. The firm has “Underperform” rating by RBC Capital Markets given on Tuesday, June 28. The stock of UBS Group AG (NYSE:UBS) has “Underperform” rating given on Tuesday, November 3 by Bank of America. The firm earned “Outperform” rating on Thursday, November 10 by Keefe Bruyette & Woods. The stock has “Neutral” rating by Nomura on Thursday, September 17. The firm has “Overweight” rating given on Monday, June 26 by JP Morgan. RBC Capital Markets downgraded UBS Group AG (NYSE:UBS) on Wednesday, February 3 to “Sector Perform” rating. Bank of America upgraded the shares of UBS in report on Wednesday, October 7 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, October 28 by JP Morgan. The rating was downgraded by Kepler Cheuvreux to “Hold” on Tuesday, February 9. The firm earned “Buy” rating on Wednesday, January 11 by Societe Generale.

Envestnet Asset Management Inc decreased Albemarle Corp (NYSE:ALB) stake by 2,632 shares to 39,135 valued at $5.33M in 2017Q3. It also reduced Caseys Gen Stores Inc (NASDAQ:CASY) stake by 5,005 shares and now owns 14,513 shares. Ishares Tr (TIP) was reduced too.

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