UBS Group (NYSE:UBS) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of UBS Group (NYSE:UBS) from an underweight rating to an equal weight rating in a report published on Monday morning, MarketBeat reports.

Several other analysts have also issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, UBS Group currently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Stock Performance

NYSE UBS opened at $43.80 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63. The firm’s fifty day moving average price is $40.18 and its two-hundred day moving average price is $41.67. UBS Group has a 1 year low of $27.40 and a 1 year high of $49.36. The firm has a market capitalization of $136.81 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts anticipate that UBS Group will post 3.18 EPS for the current year.

UBS Group Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd.

Hedge Funds Weigh In On UBS Group

Large investors have recently modified their holdings of the stock. Flagship Wealth Advisors LLC bought a new position in shares of UBS Group in the third quarter valued at about $29,000. MidFirst Bank bought a new position in UBS Group during the fourth quarter worth about $30,000. Navalign LLC bought a new position in UBS Group during the fourth quarter worth about $32,000. Larson Financial Group LLC increased its position in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares during the period. Finally, Private Trust Co. NA increased its position in UBS Group by 75.2% during the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after acquiring an additional 366 shares during the period.

About UBS Group

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.