UBS Group AG (NYSE:UBS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of UBS Group AG (NYSE:UBS) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several analysts have issued reports on the company. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th.

Institutional Trading of UBS Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new position in UBS Group during the fourth quarter worth about $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in UBS Group by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after purchasing an additional 512 shares during the period. Opal Wealth Advisors LLC bought a new position in UBS Group during the first quarter worth about $42,000. RFP Financial Group LLC grew its holdings in UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares during the period. Finally, Larson Financial Group LLC grew its holdings in UBS Group by 5,742.3% during the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares during the period.

UBS Group Stock Performance

UBS opened at $30.24 on Friday. The business’s 50-day moving average price is $29.65 and its two-hundred day moving average price is $29.68. UBS Group has a 1 year low of $19.25 and a 1 year high of $32.13. 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 released its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The firm had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $12.05 billion. On average, equities research analysts anticipate that UBS Group will post 0.78 earnings per share for the current 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.