UBS Group AG (NYSE:UBS) Stock Has Consensus Target Price of $60.30

Shares of UBS Group AG (NYSE:UBS) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $60.30.

A number of analysts have recently commented on UBS shares. Keefe, Bruyette & Woods downgraded UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Friday, July 31st. Wall Street Zen cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Monday, June 29th.

UBS Group Price Performance

NYSE UBS opened at $47.56 on Tuesday. UBS Group has a 12 month low of $36.29 and a 12 month high of $55.99. The firm has a market capitalization of $148.57 billion, a PE ratio of 16.18, a P/E/G ratio of 0.68 and a beta of 1.21. The company’s 50 day simple moving average is $52.66 and its 200 day simple moving average is $48.18.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.40 billion. UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Sell-side analysts anticipate that UBS Group will post 3.84 earnings per share for the current fiscal year.

UBS Group News Roundup

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: UBS has reportedly attracted interest from several major foreign banks regarding a potential merger or combination. While no transaction has been announced, such interest could signal that UBS’s franchise and valuation are strategically attractive. UBS Draws Merger Interest From Foreign Banks
• Neutral Sentiment: UBS expects Canadian inflation to reach 3.3% in September and has increased calls for the Bank of Canada to raise interest rates in October. The comments reflect UBS’s macroeconomic outlook rather than a direct change to the bank’s earnings outlook. Calls increase for Bank of Canada to hike rates in October as global investment bank UBS weighs in
• Neutral Sentiment: UBS and related entities ceased to be substantial holders of Cygnus Metals, indicating a change in an investment position. The disclosure does not provide a direct update on UBS’s operating performance. UBS Group Ceases to Be Substantial Holder in Cygnus Metals
• Neutral Sentiment: Opinion coverage argues that UBS should make a stronger positive case for remaining headquartered in Switzerland, highlighting the strategic debate created by proposed capital rules. UBS should make the positive case for staying Swiss
• Negative Sentiment: U.S. investor Artisan Partners is urging UBS to leave Switzerland, calling proposed tougher capital requirements punitive and excessive. The campaign increases pressure on management and suggests the rules could constrain capital returns or destroy shareholder value. US investor Artisan urges UBS to quit Switzerland over capital rules
• Negative Sentiment: A UBS advisory team managing approximately $1.3 billion reportedly departed for Wells Fargo’s FiNet. The move could raise concerns about asset retention and pressure fee-based revenue, although the financial impact remains unclear. $1.3B UBS Team Departs for Wells Fargo’s FiNet

Institutional Trading of UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UBS. QRG Capital Management Inc. boosted its holdings in UBS Group by 19.2% during the second quarter. QRG Capital Management Inc. now owns 201,143 shares of the bank’s stock worth $9,969,000 after buying an additional 32,408 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in UBS Group by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,511 shares of the bank’s stock worth $422,000 after buying an additional 746 shares during the last quarter. Tidal Investments LLC bought a new position in shares of UBS Group in the second quarter valued at $8,299,000. NewEdge Advisors LLC increased its holdings in shares of UBS Group by 5.5% in the second quarter. NewEdge Advisors LLC now owns 50,288 shares of the bank’s stock valued at $2,492,000 after buying an additional 2,611 shares in the last quarter. Finally, West Family Investments Inc. increased its holdings in shares of UBS Group by 72.8% in the second quarter. West Family Investments Inc. now owns 9,606 shares of the bank’s stock valued at $476,000 after buying an additional 4,048 shares in the last quarter.

UBS Group Company Profile

UBS Group AG (NYSE:UBS) is a Switzerland-based global financial services company serving private, institutional and corporate clients. Its principal businesses include wealth management, asset management, investment banking, and personal and corporate banking in Switzerland.

Through its wealth management business, UBS provides investment advice, portfolio management, lending, estate planning and other financial solutions to high-net-worth and ultra-high-net-worth individuals and families.