UBS Group (UBS) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley restated a buy rating on shares of UBS Group in a report on Tuesday, February 13th. Zacks Investment Research cut shares of UBS Group from a buy rating to a hold rating in a report on Saturday, January 20th. Credit Suisse Group upgraded shares of UBS Group from a neutral rating to an outperform rating in a report on Thursday, January 18th. Barclays began coverage on shares of UBS Group in a report on Tuesday, January 16th. They issued an underweight rating on the stock. Finally, TheStreet upgraded shares of UBS Group from a d rating to a c rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. UBS Group has a consensus rating of Hold and a consensus target price of $22.00.
Shares of UBS Group (UBS) opened at $18.39 on Wednesday. UBS Group has a fifty-two week low of $15.10 and a fifty-two week high of $20.89. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $70,954.19, a P/E ratio of 63.42 and a beta of 1.30.
UBS Group declared that its Board of Directors has authorized a stock buyback program on Monday, January 22nd that allows the company to buyback outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
Several institutional investors have recently modified their holdings of UBS. Amundi Pioneer Asset Management Inc. purchased a new position in shares of UBS Group during the 4th quarter worth $352,202,000. Deutsche Bank AG boosted its stake in shares of UBS Group by 13.9% during the 4th quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock worth $459,289,000 after acquiring an additional 3,038,816 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of UBS Group by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 65,055,289 shares of the bank’s stock worth $1,197,783,000 after acquiring an additional 2,520,690 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of UBS Group by 3.9% during the 4th quarter. Fisher Asset Management LLC now owns 42,907,502 shares of the bank’s stock worth $789,069,000 after acquiring an additional 1,604,297 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of UBS Group by 34.4% during the 3rd quarter. Wells Fargo & Company MN now owns 4,372,190 shares of the bank’s stock worth $74,983,000 after acquiring an additional 1,118,473 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company’s stock.
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About UBS Group
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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