UBS Group AG (NYSE:UBS) Receives Average Rating of “Hold” from Brokerages

Shares of UBS Group AG (NYSE:UBS) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several analysts have recently weighed in on the stock. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Hedge Funds Weigh In On UBS Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in UBS Group by 48.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,627 shares of the bank’s stock worth $1,023,000 after buying an additional 11,328 shares during the period. Raymond James & Associates grew its holdings in shares of UBS Group by 11.4% in the 2nd quarter. Raymond James & Associates now owns 1,002,585 shares of the bank’s stock worth $29,616,000 after acquiring an additional 102,845 shares during the period. Nisa Investment Advisors LLC purchased a new position in UBS Group in the 2nd quarter valued at approximately $41,000. &PARTNERS raised its holdings in UBS Group by 27.7% during the second quarter. &PARTNERS now owns 13,391 shares of the bank’s stock worth $396,000 after purchasing an additional 2,906 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in UBS Group by 17.7% during the second quarter. Raymond James Trust N.A. now owns 34,260 shares of the bank’s stock worth $1,012,000 after purchasing an additional 5,149 shares in the last quarter.

UBS Group Stock Up 0.9 %

UBS opened at $30.55 on Wednesday. The business has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $30.85. UBS Group has a 52 week low of $26.00 and a 52 week high of $33.34. The company has a market cap of $97.96 billion, a PE ratio of 25.46 and a beta of 1.14. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period last year, the company earned ($0.24) earnings per share. As a group, research analysts anticipate that UBS Group will post 1.73 EPS for the current year.

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.