UBS Group AG (NYSE:UBS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of UBS Group AG (NYSE:UBS) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

A number of research firms recently weighed in on UBS. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock.

UBS Group Stock Performance

Shares of UBS stock opened at $30.67 on Tuesday. 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 has a 52 week low of $23.23 and a 52 week high of $32.90. The firm has a 50 day moving average of $30.88 and a 200-day moving average of $30.19. The company has a market cap of $98.34 billion, a price-to-earnings ratio of 57.87 and a beta of 1.15.

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, beating the consensus estimate of $0.12 by $0.22. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period in the previous year, the firm posted $1.88 earnings per share. On average, equities analysts forecast that UBS Group will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Large investors have recently added to or reduced their stakes in the business. Claro Advisors LLC raised its stake in shares of UBS Group by 18.5% in the first quarter. Claro Advisors LLC now owns 11,682 shares of the bank’s stock worth $359,000 after purchasing an additional 1,823 shares during the last quarter. Hexagon Capital Partners LLC raised its position in UBS Group by 11.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after buying an additional 420 shares during the last quarter. Norden Group LLC bought a new position in UBS Group during the 1st quarter valued at $806,000. First Trust Direct Indexing L.P. boosted its holdings in UBS Group by 6.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 69,917 shares of the bank’s stock worth $2,148,000 after acquiring an additional 4,488 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of UBS Group by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 56,937 shares of the bank’s stock worth $1,749,000 after acquiring an additional 1,329 shares in the last quarter.

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.