UBS Group (NYSE:UBS) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of UBS Group (NYSE:UBS) in a report released on Thursday, StockNewsAPI reports. The firm issued a neutral rating on the bank’s stock.

Separately, StockNews.com cut UBS Group from a buy rating to a hold rating in a research note on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold.

UBS Group Trading Down 1.6 %

Shares of UBS stock opened at $29.90 on Thursday. The business has a 50-day moving average price of $29.92 and a two-hundred day moving average price of $30.04. The firm has a market cap of $95.87 billion, a P/E ratio of 3.26 and a beta of 1.15. UBS Group has a 12-month low of $23.23 and a 12-month high of $32.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. Equities analysts anticipate that UBS Group will post 1.02 EPS for the current fiscal year.

Institutional Trading of UBS Group

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in UBS Group by 25.6% in the 4th quarter. BNP Paribas Financial Markets now owns 50,414 shares of the bank’s stock worth $1,558,000 after purchasing an additional 10,285 shares during the period. Janney Montgomery Scott LLC increased its stake in UBS Group by 5.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,509 shares of the bank’s stock valued at $757,000 after purchasing an additional 1,354 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of UBS Group by 68.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 116,238 shares of the bank’s stock worth $3,592,000 after purchasing an additional 47,287 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in UBS Group in the fourth quarter valued at approximately $403,000. Finally, D.A. Davidson & CO. purchased a new position in UBS Group during the fourth quarter worth approximately $303,000.

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.