UBS Group (NYSE:UBS) Coverage Initiated by Analysts at Bank of America

Bank of America initiated coverage on shares of UBS Group (NYSE:UBS) in a research note published on Thursday morning, StockNewsAPI reports. The firm issued a neutral rating on the bank’s stock.

Separately, StockNews.com downgraded UBS Group from a buy rating to a hold rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold.

UBS Group Trading Down 1.6 %

UBS stock opened at $29.90 on Thursday. The company’s 50-day simple moving average is $29.92 and its 200 day simple moving average is $30.04. UBS Group has a 52 week low of $23.23 and a 52 week high of $32.13. The company has a market capitalization of $95.87 billion, a PE ratio of 3.26 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.12 by $0.22. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period last year, the firm earned $1.88 EPS. As a group, sell-side analysts anticipate that UBS Group will post 1.02 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in UBS Group in the first quarter worth approximately $42,000. Nisa Investment Advisors LLC purchased a new position in UBS Group in the second quarter valued at about $41,000. RFP Financial Group LLC grew its holdings in UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC grew its stake in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after acquiring an additional 1,493 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of UBS Group in the first quarter worth about $51,000.

About UBS Group

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.