UBS Group (NYSE:UBS) Upgraded at Barclays

Barclays upgraded shares of UBS Group (NYSE:UBSFree Report) from an underweight rating to an equal weight rating in a report released on Monday, MarketBeat.com reports.

Several other research firms have also recently issued reports on UBS. The Goldman Sachs Group restated a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UBS Group currently has a consensus rating of “Hold” and an average target price of $60.30.

Read Our Latest Research Report on UBS

UBS Group Stock Down 1.9%

UBS stock opened at $42.43 on Monday. The company has a market cap of $132.53 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 0.81 and a beta of 1.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63. UBS Group has a 12 month low of $29.05 and a 12 month high of $49.36. The firm has a 50-day moving average of $40.17 and a two-hundred day moving average of $41.69.

UBS Group (NYSE:UBSGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, analysts forecast that UBS Group will post 3.18 earnings per share for the current fiscal year.

UBS Group Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd will be issued a $0.55 dividend. The ex-dividend date is Wednesday, April 22nd.

Hedge Funds Weigh In On UBS Group

Large investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board grew its stake in shares of UBS Group by 3.7% in the third quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock valued at $112,048,000 after buying an additional 97,509 shares in the last quarter. Lingohr Asset Management GmbH grew its stake in shares of UBS Group by 1,198.4% in the third quarter. Lingohr Asset Management GmbH now owns 258,115 shares of the bank’s stock valued at $10,559,000 after buying an additional 238,235 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of UBS Group by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 4,439,632 shares of the bank’s stock valued at $181,409,000 after buying an additional 265,475 shares in the last quarter. Permanent Capital Management LP acquired a new stake in shares of UBS Group in the third quarter valued at $2,842,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of UBS Group by 21.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after purchasing an additional 13,417,945 shares in the last quarter.

More UBS Group News

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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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