Shares of UBS (NYSE:UBS) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company.
Several research analysts have recently commented on UBS shares. TheStreet upgraded shares of UBS from a “d” rating to a “c” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of UBS from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Saturday, January 6th. Barclays assumed coverage on shares of UBS in a report on Tuesday, January 16th. They set an “underweight” rating for the company. Credit Suisse Group raised shares of UBS from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of UBS in a report on Tuesday, February 13th.
Shares of UBS stock traded down $0.10 on Friday, hitting $17.24. 4,516,429 shares of the stock traded hands, compared to its average volume of 2,311,246. UBS has a 52 week low of $15.10 and a 52 week high of $20.89. The firm has a market cap of $66,444.88, a price-to-earnings ratio of 59.45 and a beta of 1.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.72.
UBS announced that its board has initiated a stock buyback program on Monday, January 22nd that permits the company to buyback shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Icon Wealth Partners LLC bought a new stake in shares of UBS during the 4th quarter worth $177,000. Harbor Advisors LLC bought a new stake in shares of UBS during the 4th quarter worth $183,000. BTC Capital Management Inc. bought a new stake in shares of UBS during the 4th quarter worth $193,000. Claraphi Advisory Network LLC bought a new stake in shares of UBS during the 4th quarter worth $200,000. Finally, Lourd Capital LLC bought a new stake in shares of UBS during the 4th quarter worth $230,000. 36.72% of the stock is owned by institutional investors and hedge funds.
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UBS 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.
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