UBS Group (UBS) Upgraded to “Sell” by ValuEngine
UBS Group (NYSE:UBS) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.
A number of other brokerages have also recently commented on UBS. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised UBS Group from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.00.
Shares of UBS stock traded down $0.01 on Tuesday, reaching $15.65. The company had a trading volume of 1,200,600 shares, compared to its average volume of 2,267,438. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $60.36 billion, a PE ratio of 14.63 and a beta of 1.28. UBS Group has a 12 month low of $14.89 and a 12 month high of $20.89.
A number of hedge funds and other institutional investors have recently bought and sold shares of UBS. Bank of Montreal Can bought a new stake in UBS Group during the 2nd quarter worth approximately $136,475,000. Wells Fargo & Company MN increased its stake in UBS Group by 122.8% during the 1st quarter. Wells Fargo & Company MN now owns 9,326,172 shares of the bank’s stock worth $164,700,000 after purchasing an additional 5,140,784 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in UBS Group by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock worth $2,448,489,000 after purchasing an additional 3,350,959 shares in the last quarter. Franklin Resources Inc. increased its stake in UBS Group by 3.8% during the 1st quarter. Franklin Resources Inc. now owns 67,542,854 shares of the bank’s stock worth $1,188,339,000 after purchasing an additional 2,487,565 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in UBS Group by 5.9% during the 1st quarter. JPMorgan Chase & Co. now owns 39,606,006 shares of the bank’s stock worth $699,442,000 after purchasing an additional 2,196,361 shares in the last quarter. 31.94% of the stock is owned by institutional investors and hedge funds.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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