Barclays Cuts UBS Group (NYSE:UBS) Price Target to CHF 18

UBS Group (NYSE:UBSGet Rating) had its target price trimmed by Barclays from CHF 19 to CHF 18 in a research note released on Wednesday morning, The Fly reports. The brokerage currently has an equal weight rating on the bank’s stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on UBS Group from CHF 20 to CHF 22 in a research note on Friday, January 28th. The Goldman Sachs Group began coverage on shares of UBS Group in a research report on Wednesday, March 30th. They issued a buy rating for the company. Morgan Stanley upped their target price on shares of UBS Group from CHF 21 to CHF 22 and gave the company an equal weight rating in a report on Wednesday. Zacks Investment Research cut UBS Group from a strong-buy rating to a hold rating and set a $20.00 price target for the company. in a report on Monday, March 21st. Finally, Exane BNP Paribas upgraded UBS Group from a neutral rating to an outperform rating and set a CHF 21 price objective on the stock in a research note on Friday, January 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of Buy and an average target price of $19.41.

Shares of UBS stock opened at $17.26 on Wednesday. UBS Group has a 12 month low of $14.42 and a 12 month high of $21.49. The company’s fifty day simple moving average is $18.14 and its 200-day simple moving average is $18.33. The firm has a market cap of $60.06 billion, a PE ratio of 8.42, a P/E/G ratio of 0.49 and a beta of 1.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.49.

UBS Group (NYSE:UBSGet Rating) last issued its quarterly earnings results on Monday, April 25th. The bank reported $0.61 EPS for the quarter, topping the consensus estimate of $0.49 by $0.12. UBS Group had a net margin of 19.20% and a return on equity of 12.48%. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities analysts predict that UBS Group will post 2.18 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which was paid on Thursday, April 14th. Investors of record on Wednesday, April 13th were given a dividend of $0.50 per share. This represents a yield of 1.2%. This is a positive change from UBS Group’s previous annual dividend of $0.37. The ex-dividend date of this dividend was Tuesday, April 12th. UBS Group’s dividend payout ratio (DPR) is currently 7.80%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. West Bancorporation Inc. bought a new stake in UBS Group during the fourth quarter worth about $26,000. CWM LLC acquired a new stake in shares of UBS Group during the 4th quarter worth approximately $31,000. Assetmark Inc. increased its stake in UBS Group by 73.4% in the third quarter. Assetmark Inc. now owns 2,648 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,121 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in UBS Group during the first quarter valued at approximately $63,000. Finally, Bessemer Group Inc. lifted its stake in UBS Group by 41.3% during the fourth quarter. Bessemer Group Inc. now owns 3,752 shares of the bank’s stock worth $67,000 after purchasing an additional 1,097 shares during the last quarter. Institutional investors own 33.10% of the company’s stock.

UBS Group Company Profile (Get Rating)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.

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