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

Shares of UBS Group AG (NYSE:UBSGet Rating) have been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.92.

Several research firms have issued reports on UBS. JPMorgan Chase & Co. lifted their target price on UBS Group from CHF 20 to CHF 21 in a research note on Friday, April 1st. Morgan Stanley lifted their price objective on shares of UBS Group from CHF 21 to CHF 22 and gave the company an “equal weight” rating in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of UBS Group from CHF 20 to CHF 22 in a research note on Friday, January 28th. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th. Finally, Berenberg Bank boosted their target price on shares of UBS Group from CHF 1.80 to CHF 20.50 in a research note on Wednesday, January 19th.

NYSE:UBS traded up $0.46 during midday trading on Tuesday, hitting $16.92. The stock had a trading volume of 362,914 shares, compared to its average volume of 5,288,323. UBS Group has a one year low of $14.42 and a one year high of $21.49. The company has a market capitalization of $58.88 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 0.60 and a beta of 1.18. The stock has a 50-day moving average of $17.86 and a 200 day moving average of $18.34. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.43.

UBS Group (NYSE:UBSGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. UBS Group had a return on equity of 12.96% and a net margin of 18.88%. The company had revenue of $9.38 billion for the quarter, compared to analysts’ expectations of $8.97 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, sell-side analysts anticipate that UBS Group will post 2.23 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. West Bancorporation Inc. purchased a new position in UBS Group in the fourth quarter valued at approximately $26,000. CWM LLC acquired a new position in shares of UBS Group during the 4th quarter worth $31,000. Assetmark Inc. increased its position in UBS Group by 73.4% during the 3rd quarter. Assetmark Inc. now owns 2,648 shares of the bank’s stock worth $42,000 after purchasing an additional 1,121 shares in the last quarter. CKW Financial Group purchased a new stake in UBS Group in the 1st quarter valued at about $53,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in UBS Group in the 1st quarter valued at about $63,000. 39.72% of the stock is currently owned by hedge funds and other institutional investors.

About UBS Group (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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