UBS Group (NYSE:UBS) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other research firms have also weighed in on UBS. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Finally, Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, UBS Group has an average rating of “Hold” and an average target price of $60.30.

UBS Group Trading Up 3.6%

NYSE:UBS opened at $53.80 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. UBS Group has a one year low of $35.40 and a one year high of $54.31. The company has a market cap of $168.05 billion, a PE ratio of 19.28, a PEG ratio of 0.81 and a beta of 1.19. The firm has a 50-day moving average of $48.53 and a 200-day moving average of $44.86.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. As a group, equities research analysts expect that UBS Group will post 3.49 EPS for the current fiscal year.

Institutional Trading of UBS Group

Several institutional investors and hedge funds have recently bought and sold shares of UBS. Whipplewood Advisors LLC bought a new position in shares of UBS Group in the first quarter worth $25,000. MidFirst Bank bought a new stake in UBS Group during the fourth quarter valued at $30,000. Robinswood Financial LLC bought a new stake in UBS Group during the first quarter valued at $31,000. Navalign LLC purchased a new position in UBS Group during the fourth quarter worth about $32,000. Finally, Larson Financial Group LLC grew its position in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after buying an additional 445 shares in the last quarter.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.