UBS Group (NYSE:UBS) Upgraded at Zacks Research

Zacks Research upgraded shares of UBS Group (NYSE:UBSFree Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. BNP Paribas lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Read Our Latest Research Report on UBS

UBS Group Price Performance

UBS opened at $46.28 on Wednesday. The company has a market capitalization of $148.38 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 0.56 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group has a 12-month low of $25.75 and a 12-month high of $46.66. The business’s fifty day simple moving average is $39.45 and its 200-day simple moving average is $38.22.

UBS Group (NYSE:UBSGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The company had revenue of $12.76 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that UBS Group will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of UBS Group during the second quarter worth about $4,878,061,000. Vanguard Group Inc. boosted its stake in UBS Group by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 137,347,438 shares of the bank’s stock worth $5,646,903,000 after purchasing an additional 1,990,426 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in UBS Group by 21.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after purchasing an additional 13,417,945 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in UBS Group by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock worth $2,293,986,000 after purchasing an additional 1,363,149 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in UBS Group by 254.9% during the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after purchasing an additional 45,731,061 shares in the last quarter.

Key UBS Group News

Here are the key news stories impacting UBS Group this week:

About UBS Group

(Get Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

Read More

Analyst Recommendations for UBS Group (NYSE:UBS)

Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.