UBS Group (NYSE:UBS – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
UBS has been the topic of several other research reports. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Monday, June 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, UBS Group has a consensus rating of “Hold” and a consensus price target of $60.30.
Read Our Latest Research Report on UBS
UBS Group Stock Performance
UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. As a group, equities analysts anticipate that UBS Group will post 3.49 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new stake in shares of UBS Group in the 1st quarter worth $25,000. MidFirst Bank acquired a new stake in shares of UBS Group in the fourth quarter valued at $30,000. Robinswood Financial LLC bought a new position in UBS Group during the first quarter valued at about $31,000. Navalign LLC bought a new position in UBS Group during the fourth quarter valued at about $32,000. Finally, Larson Financial Group LLC grew its holdings in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares during the period.
About UBS Group
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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