UBS Group (NYSE:UBS) Receives Neutral Rating from The Goldman Sachs Group

UBS Group (NYSE:UBSGet Free Report)‘s stock had its “neutral” rating reiterated by stock analysts at The Goldman Sachs Group in a research note issued on Friday, Marketbeat.com reports.

A number of other brokerages have also weighed in on UBS. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, January 22nd. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

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UBS Group Stock Down 2.4%

Shares of NYSE UBS opened at $43.77 on Friday. UBS Group has a 12-month low of $25.75 and a 12-month high of $49.36. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. The firm’s 50-day moving average price is $45.44 and its 200-day moving average price is $41.44. The stock has a market capitalization of $136.73 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 0.42 and a beta of 1.12.

UBS Group (NYSE:UBSGet Free Report) last announced its earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.88 billion. UBS Group had a return on equity of 8.71% and a net margin of 10.88%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, equities research analysts anticipate that UBS Group will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On UBS Group

Several hedge funds and other institutional investors have recently modified their holdings of UBS. AQR Capital Management LLC grew its stake in shares of UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after buying an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in UBS Group by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after buying an additional 708 shares during the period. NewEdge Advisors LLC grew its stake in UBS Group by 3.1% during the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after purchasing an additional 1,267 shares in the last quarter. Focus Partners Wealth grew its position in shares of UBS Group by 11.6% during the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after buying an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares in the last quarter.

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UBS Group Company Profile

(Get Free Report)

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

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