UBS Group AG (NYSE:UBS – Get Free Report) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $60.30.
A number of brokerages recently issued reports on UBS. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday.
View Our Latest Stock Report on UBS Group
UBS Group Stock Performance
UBS Group (NYSE:UBS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. On average, equities analysts expect that UBS Group will post 3.49 EPS for the current year.
Hedge Funds Weigh In On UBS Group
Large investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA raised its position in UBS Group by 3.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 5,382,437 shares of the bank’s stock valued at $251,104,000 after purchasing an additional 158,770 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of UBS Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after purchasing an additional 629,310 shares during the last quarter. Crocodile Capital Partners GmbH increased its stake in shares of UBS Group by 5.9% in the fourth quarter. Crocodile Capital Partners GmbH now owns 1,070,000 shares of the bank’s stock valued at $49,552,000 after buying an additional 60,000 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of UBS Group in the fourth quarter valued at $16,512,000. Finally, U S Global Investors Inc. bought a new position in shares of UBS Group in the fourth quarter valued at about $1,135,000.
UBS Group Company Profile
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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