UBS Group AG (NYSE:UBS) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Barclays assumed coverage on shares of UBS Group in a research note on Tuesday, January 16th. They issued an “underweight” rating on the stock. Credit Suisse Group upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. TheStreet upgraded shares of UBS Group from a “d” rating to a “c” rating in a research note on Monday, November 27th. Finally, Societe Generale restated a “hold” rating on shares of UBS Group in a research note on Monday, October 30th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its stake in shares of UBS Group by 4.9% during the second quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock valued at $244,000 after acquiring an additional 673 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of UBS Group by 6.1% during the second quarter. First Allied Advisory Services Inc. now owns 24,149 shares of the bank’s stock valued at $401,000 after acquiring an additional 1,378 shares during the period. Private Advisor Group LLC increased its stake in shares of UBS Group by 19.7% during the third quarter. Private Advisor Group LLC now owns 20,872 shares of the bank’s stock valued at $356,000 after acquiring an additional 3,438 shares during the period. Engineers Gate Manager LP increased its stake in shares of UBS Group by 2.1% during the third quarter. Engineers Gate Manager LP now owns 167,958 shares of the bank’s stock valued at $2,880,000 after acquiring an additional 3,444 shares during the period. Finally, US Bancorp DE increased its stake in shares of UBS Group by 11.5% during the fourth quarter. US Bancorp DE now owns 37,498 shares of the bank’s stock valued at $690,000 after acquiring an additional 3,869 shares during the period. Institutional investors and hedge funds own 33.95% of the company’s stock.
UBS Group declared that its board has approved a share buyback plan on Monday, January 22nd that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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UBS Group 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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