UBS Group (NYSE:UBS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a report issued on Thursday morning.

Several other equities analysts have also issued reports on UBS. Citigroup lowered UBS Group from a buy rating to a neutral rating in a research note on Tuesday, April 23rd. BNP Paribas lowered UBS Group from an outperform rating to a neutral rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $30.38 on Thursday. The business’s fifty day moving average price is $30.14 and its two-hundred day moving average price is $29.73. UBS Group has a fifty-two week low of $23.14 and a fifty-two week high of $32.13. The stock has a market capitalization of $97.41 billion, a price-to-earnings ratio of 3.31 and a beta of 1.16. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. UBS Group had a return on equity of 2.13% and a net margin of 2.31%. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, analysts predict that UBS Group will post 1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in UBS Group during the 1st quarter worth approximately $42,000. Nisa Investment Advisors LLC acquired a new position in UBS Group in the 2nd quarter valued at $41,000. RFP Financial Group LLC raised its holdings in UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC raised its holdings in UBS Group by 5,742.3% in the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,493 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in UBS Group by 91.2% in the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after acquiring an additional 736 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.