UBS Group AG (NYSE:UBS) Given Consensus Recommendation of “Hold” by Brokerages

UBS Group AG (NYSE:UBS) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $60.30.

UBS has been the subject of several research analyst reports. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd.

UBS Group Price Performance

NYSE:UBS opened at $50.80 on Friday. The stock has a market cap of $158.70 billion, a P/E ratio of 18.21, a PEG ratio of 0.85 and a beta of 1.19. UBS Group has a one year low of $30.36 and a one year high of $51.12. The company has a fifty day moving average price of $45.73 and a 200 day moving average price of $43.88. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Analysts anticipate that UBS Group will post 3.33 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds have recently made changes to their positions in the business. Legacy Capital Group California Inc. boosted its holdings in UBS Group by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 39,471 shares of the bank’s stock worth $1,828,000 after acquiring an additional 239 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in UBS Group by 1.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 19,905 shares of the bank’s stock worth $922,000 after acquiring an additional 260 shares during the last quarter. Parallel Advisors LLC boosted its holdings in UBS Group by 1.9% during the 3rd quarter. Parallel Advisors LLC now owns 14,905 shares of the bank’s stock worth $611,000 after acquiring an additional 271 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in UBS Group by 3.9% during the 4th quarter. Perigon Wealth Management LLC now owns 7,551 shares of the bank’s stock worth $350,000 after acquiring an additional 284 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in UBS Group by 4.2% during the 3rd quarter. Allworth Financial LP now owns 7,115 shares of the bank’s stock worth $292,000 after acquiring an additional 288 shares during the last quarter.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.