UBS Group (NYSE:UBS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

UBS Group AG (NYSE:UBS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.62 and traded as high as $51.51. UBS Group shares last traded at $51.07, with a volume of 1,371,044 shares trading hands.

UBS Group News Roundup

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

• Positive Sentiment: Switzerland’s upper house backed a proposal requiring UBS to support foreign units with 90% Common Equity Tier 1 capital, below the 100% level previously proposed by the government. The lower requirement could reduce the potential capital burden compared with the government’s original plan. Swiss upper house backs 90% CET1 capital backing for UBS foreign units
• Positive Sentiment: UBS CEO Sergio Ermotti said the wealth-management business was seeing good momentum in the third quarter, providing a favorable operating update amid the regulatory debate. UBS CEO Says Q3 Wealth Management Seeing Good Momentum
• Neutral Sentiment: UBS announced an agreement related to a legacy Dutch Credit Suisse case. The development may help reduce legal and integration overhangs, although the financial terms and earnings impact were not disclosed. UBS Reaches Agreement in Legacy Dutch Credit Suisse Case
• Negative Sentiment: Although the 90% proposal is less demanding than the government’s 100% plan, it would still impose significant capital requirements. Ermotti called the proposal “no real compromise,” keeping pressure on UBS’s capital flexibility, returns and potential shareholder distributions. The measure must also proceed through Switzerland’s legislative process. UBS statement on decision by Swiss Parliament’s upper house on banking regulation

Analyst Ratings Changes

Several research firms have commented on UBS. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Wall Street Zen downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods downgraded UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Stock Down 3.1%

The stock has a 50-day moving average of $53.12 and a 200-day moving average of $47.74. The company has a quick ratio of 1.19, a current ratio of 1.02 and a debt-to-equity ratio of 3.84. The company has a market cap of $148.97 billion, a PE ratio of 16.22, a P/E/G ratio of 0.72 and a beta of 1.19.

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

Institutional Investors Weigh In On UBS Group

A number of large investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new position in shares of UBS Group during the 2nd quarter valued at about $25,000. Whipplewood Advisors LLC bought a new stake in shares of UBS Group in the 1st quarter worth approximately $25,000. First Bancorp Inc ME purchased a new stake in shares of UBS Group in the 2nd quarter valued at $32,000. MidFirst Bank bought a new position in shares of UBS Group during the 4th quarter valued at $30,000. Finally, Robinswood Financial LLC purchased a new position in UBS Group in the 1st quarter worth $31,000.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving individuals, businesses, institutional investors and governments. Its principal businesses include wealth management, personal and corporate banking, asset management and investment banking.

Through its Global Wealth Management business, UBS provides investment advice, portfolio management, financial planning, lending and other services to private and institutional clients. Its Personal and Corporate Banking operations offer deposit, lending, payment and other banking services, primarily in Switzerland.