UBS (NYSE:UBS) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company.
UBS has been the topic of several research reports. JPMorgan Chase restated a “buy” rating on shares of UBS in a report on Wednesday, March 7th. Morgan Stanley restated a “buy” rating on shares of UBS in a report on Tuesday, February 13th. Zacks Investment Research upgraded shares of UBS from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, January 15th. ValuEngine lowered shares of UBS from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Credit Suisse Group upgraded shares of UBS from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th.
NYSE UBS traded up $0.14 during mid-day trading on Thursday, hitting $16.91. The company’s stock had a trading volume of 2,068,754 shares, compared to its average volume of 2,555,231. UBS has a 52-week low of $15.77 and a 52-week high of $20.89. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.21 and a current ratio of 0.98. The firm has a market capitalization of $65,060.53, a price-to-earnings ratio of 15.80 and a beta of 1.33.
UBS declared that its board has approved a stock buyback plan on Monday, January 22nd that allows the company to repurchase outstanding shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new stake in shares of UBS during the fourth quarter valued at approximately $177,000. Harbor Advisors LLC purchased a new stake in shares of UBS during the fourth quarter valued at approximately $183,000. BTC Capital Management Inc. purchased a new stake in shares of UBS during the fourth quarter valued at approximately $193,000. Claraphi Advisory Network LLC purchased a new stake in shares of UBS during the fourth quarter valued at approximately $200,000. Finally, Lourd Capital LLC purchased a new stake in shares of UBS during the fourth quarter valued at approximately $230,000. Institutional investors own 38.83% of the company’s stock.
UBS Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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