UBS Group AG (NYSE:UBS) Stock Has Average Price Target of $60.30 According to Analysts

Shares of UBS Group AG (NYSE:UBS) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.30.

Several research analysts have recently commented on UBS shares. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a report on Wednesday, August 5th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. Finally, Wall Street Zen lowered UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th.

UBS Group Price Performance

Shares of UBS opened at $48.17 on Tuesday. The stock has a market capitalization of $150.49 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.21. The business’s fifty day moving average price is $52.49 and its 200 day moving average price is $48.33. UBS Group has a 12-month low of $36.29 and a 12-month high of $55.99.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, research analysts anticipate that UBS Group will post 3.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Miller Global Investments LLC bought a new stake in UBS Group in the third quarter valued at $133,000. Versant Capital Management Inc grew its position in shares of UBS Group by 2.2% during the third quarter. Versant Capital Management Inc now owns 24,041 shares of the bank’s stock worth $1,157,000 after acquiring an additional 509 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of UBS Group by 19.2% during the second quarter. QRG Capital Management Inc. now owns 201,143 shares of the bank’s stock worth $9,969,000 after acquiring an additional 32,408 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of UBS Group by 9.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,511 shares of the bank’s stock worth $422,000 after acquiring an additional 746 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of UBS Group in the 2nd quarter worth about $8,299,000.

UBS Group Company Profile

UBS Group AG (NYSE:UBS) is a Switzerland-based global financial services company serving private, institutional and corporate clients. Its principal businesses include wealth management, asset management, investment banking, and personal and corporate banking in Switzerland.

Through its wealth management business, UBS provides investment advice, portfolio management, lending, estate planning and other financial solutions to high-net-worth and ultra-high-net-worth individuals and families.