Brokerages Set UBS Group AG (NYSE:UBS) Target Price at $60.30

UBS Group AG (NYSE:UBS) has received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $60.30.

UBS has been the topic of several recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Citigroup reissued 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 note on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Finally, Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th.

UBS Group Stock Down 1.6%

UBS Group stock opened at $36.91 on Friday. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.35 and a beta of 1.14. UBS Group has a 52-week low of $25.75 and a 52-week high of $49.36. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a 50 day moving average price of $44.07 and a two-hundred day moving average price of $41.90.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The company 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 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts predict that UBS Group will post 1.9 EPS for the current year.

UBS Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd.

Institutional Trading of UBS Group

Hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board grew its stake in shares of UBS Group by 3.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock valued at $112,048,000 after buying an additional 97,509 shares during the period. Lingohr Asset Management GmbH raised its stake in UBS Group by 1,198.4% during the 3rd quarter. Lingohr Asset Management GmbH now owns 258,115 shares of the bank’s stock worth $10,559,000 after buying an additional 238,235 shares during the period. Allianz Asset Management GmbH boosted its holdings in UBS Group by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 4,439,632 shares of the bank’s stock worth $181,409,000 after acquiring an additional 265,475 shares in the last quarter. Permanent Capital Management LP bought a new position in UBS Group in the third quarter worth approximately $2,842,000. Finally, Plato Investment Management Ltd grew its stake in UBS Group by 43.2% in the third quarter. Plato Investment Management Ltd now owns 120,920 shares of the bank’s stock valued at $4,905,000 after acquiring an additional 36,462 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.