UBS Group AG (NYSE:UBS) Receives $60.30 Consensus PT from Analysts

Shares of UBS Group AG (NYSE:UBS) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.30.

A number of analysts have issued reports on UBS shares. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st.

Institutional Trading of UBS Group

A number of hedge funds have recently modified their holdings of UBS. Norges Bank bought a new stake in shares of UBS Group during the second quarter valued at approximately $4,878,061,000. Wellington Management Group LLP boosted its stake in UBS Group by 254.9% during the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock worth $2,601,589,000 after buying an additional 45,731,061 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in UBS Group by 21.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock valued at $3,171,497,000 after buying an additional 13,417,945 shares during the period. Viking Global Investors LP increased its holdings in UBS Group by 407.5% in the 3rd quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after buying an additional 10,516,148 shares during the period. Finally, Ninety One UK Ltd acquired a new position in shares of UBS Group in the 4th quarter valued at $411,917,000.

UBS Group Stock Performance

NYSE:UBS opened at $42.55 on Monday. The firm has a market capitalization of $132.92 billion, a PE ratio of 18.03, a PEG ratio of 0.41 and a beta of 1.12. UBS Group has a 1 year low of $25.75 and a 1 year high of $49.36. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. The firm’s fifty day simple moving average is $45.99 and its 200 day simple moving average is $41.84.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, sell-side analysts anticipate that UBS Group will post 1.9 EPS for the current year.

UBS Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, April 22nd.

About UBS Group

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.