UBS Group AG (NYSE:UBS) Receives Average Rating of “Hold” from Brokerages

UBS Group AG (NYSE:UBS) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $60.30.

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th.

UBS Group Stock Performance

UBS opened at $51.47 on Thursday. The stock has a market cap of $160.79 billion, a PE ratio of 18.45, a P/E/G ratio of 0.82 and a beta of 1.19. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. UBS Group has a 1 year low of $35.94 and a 1 year high of $55.15. The stock’s 50 day simple moving average is $49.19 and its 200-day simple moving average is $45.04.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. Sell-side analysts forecast that UBS Group will post 3.51 EPS for the current year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds have recently modified their holdings of UBS. Legacy Capital Group California Inc. increased its stake in shares of UBS Group by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 39,471 shares of the bank’s stock valued at $1,828,000 after buying an additional 239 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position 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 buying an additional 260 shares during the period. Perigon Wealth Management LLC boosted its position 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 buying an additional 284 shares during the period. Allworth Financial LP grew 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. Finally, Trust Point Inc. increased its position in UBS Group by 2.1% in the 2nd quarter. Trust Point Inc. now owns 13,926 shares of the bank’s stock valued at $690,000 after acquiring an additional 288 shares during the period.

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.