UBS Group (UBS) Raised to Buy at Zacks Investment Research
UBS Group (NYSE:UBS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $22.00 price objective on the bank’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.30% from the stock’s previous close.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Though, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework, effective cost reduction initiatives will likely support its bottom line growth.”
Several other research firms also recently weighed in on UBS. TheStreet upgraded UBS Group from a “d” rating to a “c” rating in a research report on Monday, November 27th. Instinet downgraded UBS Group from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st. Societe Generale restated a “hold” rating on shares of UBS Group in a research report on Monday, October 30th. Finally, Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.00.
Shares of UBS Group (NYSE:UBS) traded up $0.29 during mid-day trading on Monday, reaching $19.59. The company’s stock had a trading volume of 3,399,300 shares, compared to its average volume of 2,263,822. The stock has a market capitalization of $75,200.00, a P/E ratio of 17.97, a P/E/G ratio of 0.81 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS Group has a 52 week low of $15.10 and a 52 week high of $19.61.
UBS Group (NYSE:UBS) last released its earnings results on Friday, October 27th. The bank reported $0.26 earnings per share for the quarter. UBS Group had a return on equity of 8.01% and a net margin of 11.28%. equities research analysts anticipate that UBS Group will post 0.64 EPS for the current year.
Several large investors have recently bought and sold shares of UBS. Vanguard Group Inc. increased its holdings in shares of UBS Group by 5.7% in the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock valued at $1,463,669,000 after purchasing an additional 4,634,833 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of UBS Group by 3,116.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock valued at $43,446,000 after purchasing an additional 2,479,068 shares during the last quarter. Fisher Asset Management LLC increased its stake in UBS Group by 2.8% during the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after acquiring an additional 1,136,180 shares during the last quarter. Wells Fargo & Company MN increased its stake in UBS Group by 34.4% during the third quarter. Wells Fargo & Company MN now owns 4,372,190 shares of the bank’s stock worth $74,983,000 after acquiring an additional 1,118,473 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in UBS Group during the third quarter worth $18,130,000. 33.94% of the stock is owned by hedge funds and other institutional investors.
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UBS Group Company Profile
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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