Wall Street Zen Upgrades UBS Group (NYSE:UBS) to “Hold”

UBS Group (NYSE:UBS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

UBS has been the subject of several other research reports. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.9%

Shares of UBS Group stock opened at $38.36 on Friday. The company has a fifty day simple moving average of $40.13 and a 200-day simple moving average of $36.16. UBS Group has a 12-month low of $25.75 and a 12-month high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $123.00 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.66 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that UBS Group will post 1.9 EPS for the current fiscal year.

Institutional Trading of UBS Group

Several hedge funds have recently made changes to their positions in UBS. Maseco LLP acquired a new stake in shares of UBS Group in the 2nd quarter worth $28,000. Flagship Wealth Advisors LLC acquired a new stake in shares of UBS Group in the 3rd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of UBS Group in the 2nd quarter worth $33,000. Private Trust Co. NA lifted its stake in shares of UBS Group by 75.2% in the 3rd 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. Finally, Quarry LP acquired a new stake in shares of UBS Group in the 1st quarter worth $37,000.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.