UBS Group (NYSE:UBS) Upgraded to “Strong-Buy” at Zacks Research

UBS Group (NYSE:UBS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also recently issued reports on UBS. BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Price Performance

Shares of NYSE UBS opened at $46.12 on Wednesday. The stock has a fifty day moving average price of $39.32 and a 200 day moving average price of $38.12. UBS Group has a 1-year low of $25.75 and a 1-year high of $46.49. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $147.89 billion, a PE ratio of 20.78, a P/E/G ratio of 0.54 and a beta of 1.13.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the previous year, the company posted $0.43 EPS. UBS Group’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that UBS Group will post 1.9 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Maseco LLP purchased a new stake in shares of UBS Group during the second quarter valued at approximately $28,000. Flagship Wealth Advisors LLC purchased a new position in shares of UBS Group in the third quarter valued at $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in UBS Group during the 2nd quarter valued at $33,000. Larson Financial Group LLC increased its stake in UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after buying an additional 445 shares during the period. Finally, Private Trust Co. NA lifted its holdings in UBS Group by 75.2% in the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after buying an additional 366 shares in the last quarter.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.