UBS Group AG (NYSE:UBS) Receives $60.30 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of UBS Group AG (NYSE:UBS – Get Free Report) have received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $60.30.

A number of brokerages have weighed in on UBS. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Finally, Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th.

Check Out Our Latest Analysis on UBS

Institutional Trading of UBS Group

Several institutional investors and hedge funds have recently bought and sold shares of UBS. Permanent Capital Management LP acquired a new position in shares of UBS Group during the third quarter worth approximately $2,842,000. B. Riley Wealth Advisors Inc. acquired a new stake in UBS Group in the 2nd quarter valued at approximately $898,000. Thrivent Financial for Lutherans raised its stake in UBS Group by 6,413.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,061,842 shares of the bank’s stock valued at $35,813,000 after acquiring an additional 1,045,540 shares in the last quarter. Corient Private Wealth LLC boosted its position in UBS Group by 29.6% during the 2nd quarter. Corient Private Wealth LLC now owns 95,681 shares of the bank’s stock worth $3,236,000 after acquiring an additional 21,829 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of UBS Group by 8.0% in the second quarter. Metis Global Partners LLC now owns 106,313 shares of the bank’s stock worth $3,598,000 after purchasing an additional 7,833 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS stock opened at $47.05 on Friday. UBS Group has a 12 month low of $25.75 and a 12 month high of $47.31. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $146.99 billion, a P/E ratio of 21.19, a P/E/G ratio of 0.43 and a beta of 1.12. The company’s fifty day moving average price is $41.06 and its two-hundred day moving average price is $39.25.

UBS Group (NYSE:UBS – Get Free Report) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The company had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. On average, research analysts anticipate that UBS Group will post 1.9 earnings per share for the current fiscal year.

About UBS Group

(Get Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

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