UBS Group (NYSE:UBS) Upgraded at StockNews.com

StockNews.com upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a report published on Friday.

Separately, Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

UBS stock opened at $31.11 on Friday. The stock has a 50-day simple moving average of $30.88 and a 200-day simple moving average of $30.24. The firm has a market cap of $99.75 billion, a P/E ratio of 25.93 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.06 and a current ratio of 1.05. UBS Group has a 1 year low of $24.07 and a 1 year high of $32.90.

UBS Group (NYSE:UBS) last released 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 business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the business earned ($0.24) EPS. On average, equities analysts predict that UBS Group will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in UBS Group in the 2nd quarter worth approximately $41,000. RFP Financial Group LLC grew its stake in shares of UBS Group by 58.3% in the 1st 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 raised its stake in UBS Group by 5,742.3% during the first 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of UBS Group in the second quarter valued at approximately $50,000.

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.