Morgan Stanley Reaffirms “Buy” Rating for UBS Group (UBS)

UBS Group (NYSE:UBS)‘s stock had its “buy” rating reissued by stock analysts at Morgan Stanley in a note issued to investors on Tuesday.

UBS has been the subject of several other research reports. Zacks Investment Research cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. TheStreet upgraded shares of UBS Group from a “d” rating to a “c” rating in a research note on Monday, November 27th. Barclays assumed coverage on shares of UBS Group in a research note on Tuesday, January 16th. They issued an “underweight” rating for the company. Finally, Societe Generale restated a “hold” rating on shares of UBS Group in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. UBS Group currently has a consensus rating of “Hold” and a consensus target price of $22.00.

UBS Group (NYSE UBS) traded down $0.09 during mid-day trading on Tuesday, hitting $18.62. 2,511,919 shares of the stock traded hands, compared to its average volume of 2,959,477. UBS Group has a one year low of $15.10 and a one year high of $20.89. The firm has a market cap of $71,681.30, a PE ratio of 64.21 and a beta of 1.28. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21.

UBS Group declared that its Board of Directors has initiated a share buyback plan on Monday, January 22nd that authorizes the company to repurchase shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in UBS. Amundi Pioneer Asset Management Inc. purchased a new position in shares of UBS Group in the 4th quarter valued at about $352,202,000. Fisher Asset Management LLC increased its holdings in shares of UBS Group by 3.9% in the 4th quarter. Fisher Asset Management LLC now owns 42,907,502 shares of the bank’s stock valued at $789,069,000 after purchasing an additional 1,604,297 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of UBS Group by 34.4% in the 3rd quarter. Wells Fargo & Company MN now owns 4,372,190 shares of the bank’s stock valued at $74,983,000 after purchasing an additional 1,118,473 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of UBS Group in the 3rd quarter valued at about $18,130,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of UBS Group by 4.5% in the 4th quarter. Allianz Asset Management GmbH now owns 21,758,540 shares of the bank’s stock valued at $400,573,000 after purchasing an additional 938,277 shares in the last quarter. Institutional investors and hedge funds own 33.94% of the company’s stock.

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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.

Analyst Recommendations for UBS Group (NYSE:UBS)

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