UBS Group (NYSE:UBS) Upgraded at StockNews.com

UBS Group (NYSE:UBS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of NYSE UBS opened at $31.11 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 3.87. The company has a 50 day simple moving average of $30.88 and a two-hundred day simple moving average of $30.22. UBS Group has a 12 month low of $24.07 and a 12 month high of $32.90. The stock has a market cap of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the business earned ($0.24) earnings per share. As a group, analysts predict that UBS Group will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in shares of UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares during the period. M&G Plc purchased a new position in shares of UBS Group in the 1st quarter valued at about $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in UBS Group by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after acquiring an additional 5,508,422 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of UBS Group by 72.7% during the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock worth $250,360,000 after purchasing an additional 3,421,396 shares in the last quarter. Finally, Susquehanna International Securities Ltd. boosted its position in shares of UBS Group by 162.3% during the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after acquiring an additional 3,103,747 shares in the last quarter.

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.