UBS Group AG (NYSE:UBS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

UBS Group AG (NYSE:UBS) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several analysts recently commented on the stock. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UBS. Drive Wealth Management LLC lifted its position in UBS Group by 3.2% during the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after acquiring an additional 349 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in shares of UBS Group by 3.5% during the first quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock worth $346,000 after buying an additional 381 shares during the period. EverSource Wealth Advisors LLC grew its stake in UBS Group by 5.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock valued at $258,000 after purchasing an additional 419 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of UBS Group by 11.2% in the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after purchasing an additional 420 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in UBS Group by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after acquiring an additional 420 shares during the period.

UBS Group Trading Down 2.4 %

Shares of NYSE UBS traded down $0.74 during trading hours on Thursday, hitting $30.15. The company’s stock had a trading volume of 3,716,465 shares, compared to its average volume of 2,435,253. UBS Group has a 12 month low of $23.14 and a 12 month high of $32.13. The stock has a market cap of $96.67 billion, a price-to-earnings ratio of 3.28 and a beta of 1.16. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $30.17 and a 200-day simple moving average of $29.74.

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 the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, analysts anticipate that UBS Group will post 1.02 earnings per share for the current fiscal year.

UBS Group Company Profile

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.