UBS Group AG (NYSE:UBS) Sees Large Growth in Short Interest

UBS Group AG (NYSE:UBS) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 15,510,000 shares, a growth of 24.1% from the June 30th total of 12,500,000 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 3,630,000 shares, the short-interest ratio is currently 4.3 days.

Shares of UBS stock opened at $11.68 on Friday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $42.75 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The company has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.00. UBS Group has a fifty-two week low of $7.48 and a fifty-two week high of $13.49.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $7.68 billion during the quarter. UBS Group had a net margin of 15.29% and a return on equity of 8.12%. On average, research analysts forecast that UBS Group will post 1.2 EPS for the current fiscal year.

UBS has been the topic of a number of research analyst reports. Berenberg Bank downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Royal Bank of Canada reissued a “sector perform” rating on shares of UBS Group in a research note on Wednesday, July 22nd. ValuEngine downgraded shares of UBS Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Zacks Investment Research raised shares of UBS Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Friday, May 29th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of UBS Group in a research note on Friday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of UBS. Deutsche Bank AG grew its holdings in UBS Group by 17.8% during the 1st quarter. Deutsche Bank AG now owns 25,686,885 shares of the bank’s stock worth $237,860,000 after acquiring an additional 3,880,556 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in UBS Group by 7.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,849,387 shares of the bank’s stock worth $372,567,000 after acquiring an additional 2,594,803 shares in the last quarter. AXA grew its holdings in UBS Group by 109.8% during the 1st quarter. AXA now owns 2,911,649 shares of the bank’s stock worth $26,962,000 after acquiring an additional 1,524,092 shares in the last quarter. Exane Asset Management acquired a new position in UBS Group during the 1st quarter worth approximately $11,141,000. Finally, Schafer Cullen Capital Management Inc grew its holdings in UBS Group by 47.2% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 3,666,872 shares of the bank’s stock worth $42,316,000 after acquiring an additional 1,175,607 shares in the last quarter. Institutional investors own 29.77% of the company’s stock.

UBS Group Company Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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