UBS Group (NYSE:UBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research note on Monday, June 29th. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, UBS Group presently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Stock Down 2.4%

Shares of UBS Group stock opened at $51.47 on Friday. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The stock has a market cap of $160.79 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. The business has a fifty day simple moving average of $49.19 and a 200 day simple moving average of $45.04. UBS Group has a 12 month low of $35.94 and a 12 month high of $55.15.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. Research analysts predict that UBS Group will post 3.51 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in UBS Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after purchasing an additional 1,758,287 shares during the period. Norges Bank acquired a new position in shares of UBS Group in the 4th quarter valued at approximately $4,889,413,000. Fisher Asset Management LLC raised its position in shares of UBS Group by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock valued at $2,968,807,000 after buying an additional 2,938,827 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after acquiring an additional 629,310 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of UBS Group by 19.1% during the 4th quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock worth $1,371,044,000 after acquiring an additional 4,744,982 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.