Plimoth Trust Co. LLC purchased a new stake in UBS Group AG (NYSE:UBS – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,131 shares of the bank’s stock, valued at approximately $536,000.
Several other large investors have also recently bought and sold shares of UBS. Coppell Advisory Solutions LLC bought a new position in shares of UBS Group in the second quarter worth $25,000. Whipplewood Advisors LLC purchased a new stake in shares of UBS Group in the first quarter worth $25,000. First Bancorp Inc ME purchased a new stake in shares of UBS Group in the second quarter worth $32,000. Robinswood Financial LLC bought a new stake in UBS Group during the first quarter valued at $31,000. Finally, West Financial Advisors LLC bought a new stake in UBS Group during the third quarter valued at $39,000.
Analyst Ratings Changes
Several research firms recently commented on UBS. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research report on Friday, July 31st. Royal Bank Of Canada restated a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. Wall Street Zen cut UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Bank of America reiterated a “buy” rating on shares of UBS Group in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.30.
Check Out Our Latest Research Report on UBS Group
UBS Group Price Performance
UBS stock opened at $46.46 on Tuesday. The firm has a 50 day simple moving average of $50.84 and a two-hundred day simple moving average of $47.12. The stock has a market cap of $145.13 billion, a PE ratio of 15.80, a P/E/G ratio of 0.70 and a beta of 1.21. UBS Group AG has a one year low of $36.29 and a one year high of $55.99.
UBS Group (NYSE:UBS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). The company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, research analysts expect that UBS Group AG will post 3.59 EPS for the current fiscal year.
UBS Group Profile
UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.
UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.
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