UBS Group AG (NYSE:UBS) Receives Average Recommendation of “Hold” from Analysts

Shares of UBS Group AG (NYSE:UBS) have earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts have recently issued reports on UBS shares. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in UBS Group by 11,313.2% in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after purchasing an additional 5,508,422 shares during the last quarter. Susquehanna International Securities Ltd. raised its stake in UBS Group by 162.3% during the second quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after purchasing an additional 3,103,747 shares in the last quarter. Wellington Management Group LLP lifted its position in UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after purchasing an additional 2,307,033 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of UBS Group in the 3rd quarter worth $69,440,000.

UBS Group Trading Up 0.5 %

Shares of NYSE UBS opened at $31.34 on Friday. The company has a market cap of $100.47 billion, a PE ratio of 26.11 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $31.62 and its 200-day moving average price is $30.73. UBS Group has a 52-week low of $26.00 and a 52-week high of $33.34.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the business earned ($0.24) EPS. On average, equities research analysts expect that UBS Group will post 1.73 EPS 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.