UBS Group (NYSE:UBS) Raised to “Buy” at StockNews.com

UBS Group (NYSE:UBS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Bank of America started coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS stock opened at $31.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group has a 52 week low of $24.07 and a 52 week high of $32.90. The firm has a market capitalization of $99.75 billion, a PE ratio of 25.93 and a beta of 1.15. The company has a 50 day moving average price of $30.88 and a 200-day moving average price of $30.22.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the company posted ($0.24) EPS. As a group, equities research analysts expect that UBS Group will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in shares of UBS Group in the second quarter valued at $41,000. RFP Financial Group LLC increased its position in UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC increased 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 valued at $47,000 after buying an additional 1,493 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in UBS Group in the second quarter valued at about $50,000.

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.