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

UBS Group AG (NYSE:UBS) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several equities analysts have issued reports on UBS shares. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.

Institutional Investors Weigh In On UBS Group

Several institutional investors and hedge funds have recently made changes to their positions in UBS. Sanctuary Advisors LLC acquired a new position in shares of UBS Group in the 2nd quarter valued at $724,000. Point72 Asset Management L.P. acquired a new position in shares of UBS Group in the second quarter valued at about $189,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of UBS Group by 14.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,025 shares of the bank’s stock worth $857,000 after purchasing an additional 3,762 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of UBS Group by 17.1% during the second quarter. NewEdge Advisors LLC now owns 52,792 shares of the bank’s stock worth $1,559,000 after purchasing an additional 7,711 shares during the period. Finally, Creative Planning boosted its position in UBS Group by 10.0% in the second quarter. Creative Planning now owns 209,672 shares of the bank’s stock valued at $6,194,000 after buying an additional 19,134 shares during the last quarter.

UBS Group Price Performance

Shares of UBS stock opened at $30.67 on Friday. The stock’s 50-day moving average is $29.93 and its 200 day moving average is $30.03. UBS Group has a 1-year low of $23.23 and a 1-year high of $32.13. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $98.33 billion, a P/E ratio of 3.34 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period last year, the business earned $1.88 EPS. Research analysts predict that UBS Group will post 1.36 earnings per share for the current fiscal year.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.