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

UBS Group AG (NYSE:UBS) has received an average rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

UBS has been the topic of a number of research analyst reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America initiated coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Commerce Bank increased its holdings in shares of UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after purchasing an additional 346 shares during the last quarter. Drive Wealth Management LLC grew its holdings in UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after buying an additional 349 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after acquiring an additional 355 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of UBS Group by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock worth $396,000 after acquiring an additional 394 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of UBS Group by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after acquiring an additional 420 shares during the last quarter.

UBS Group Stock Performance

UBS opened at $31.80 on Friday. The firm’s fifty day simple moving average is $31.52 and its two-hundred day simple moving average is $30.67. 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 $101.95 billion, a price-to-earnings ratio of 26.50 and a beta of 1.15. 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, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the company posted ($0.24) EPS. Equities analysts anticipate that UBS Group will post 1.73 earnings per share for the current fiscal 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.