UBS Group (NYSE:UBS) Shares Gap Up to $11.14
UBS Group AG (NYSE:UBS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.71, but opened at $11.14. UBS Group shares last traded at $11.49, with a volume of 4,977,339 shares changing hands.
Several equities analysts have recently weighed in on UBS shares. ValuEngine upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Exane BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Friday, August 30th. DZ Bank reissued a “sell” rating on shares of UBS Group in a research note on Wednesday, August 21st. Finally, Deutsche Bank restated a “neutral” rating on shares of UBS Group in a report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.50.
The company has a market cap of $39.82 billion, a PE ratio of 8.15, a PEG ratio of 1.89 and a beta of 1.21. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50 day moving average is $10.84 and its 200-day moving average is $11.88.
Hedge funds have recently bought and sold shares of the company. Lancaster Investment Management LLP lifted its position in UBS Group by 9.9% during the first quarter. Lancaster Investment Management LLP now owns 5,140,033 shares of the bank’s stock worth $62,246,000 after buying an additional 463,084 shares in the last quarter. CIBC World Markets Inc. raised its holdings in shares of UBS Group by 29.8% during the 1st quarter. CIBC World Markets Inc. now owns 736,368 shares of the bank’s stock worth $8,917,000 after acquiring an additional 168,921 shares during the period. Fosun International Ltd acquired a new position in shares of UBS Group during the 1st quarter valued at about $2,023,000. Brandes Investment Partners LP boosted its position in shares of UBS Group by 19.1% during the 1st quarter. Brandes Investment Partners LP now owns 4,290,391 shares of the bank’s stock valued at $51,957,000 after acquiring an additional 689,412 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of UBS Group by 2.3% in the second quarter. Bank of Montreal Can now owns 8,505,538 shares of the bank’s stock valued at $100,790,000 after purchasing an additional 194,105 shares during the period. Institutional investors and hedge funds own 34.29% of the company’s stock.
UBS Group Company Profile (NYSE:UBS)
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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