UBS Group (NYSE:UBS) Upgraded to “Hold” by ValuEngine

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ValuEngine upgraded shares of UBS Group (NYSE:UBS) from a sell rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.

A number of other research analysts have also issued reports on the stock. Kepler Capital Markets upgraded shares of UBS Group from a hold rating to a buy rating in a report on Tuesday. Berenberg Bank restated a buy rating and issued a $15.00 target price on shares of UBS Group in a report on Friday, August 2nd. DZ Bank restated a sell rating on shares of UBS Group in a report on Wednesday, August 21st. Exane BNP Paribas lowered shares of UBS Group from an outperform rating to a neutral rating in a report on Friday, August 30th. Finally, BNP Paribas lowered shares of UBS Group from an outperform rating to a neutral rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. UBS Group presently has an average rating of Hold and a consensus price target of $12.50.

NYSE:UBS opened at $11.73 on Tuesday. The firm has a market cap of $42.93 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.54. The company’s 50-day moving average is $10.82 and its two-hundred day moving average is $11.87. UBS Group has a 12-month low of $10.12 and a 12-month high of $16.68.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, July 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $5.61 billion for the quarter. UBS Group had a net margin of 14.20% and a return on equity of 8.07%. On average, equities research analysts forecast that UBS Group will post 1.23 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Cresset Asset Management LLC lifted its holdings in shares of UBS Group by 148.9% during the 2nd quarter. Cresset Asset Management LLC now owns 22,955 shares of the bank’s stock worth $272,000 after acquiring an additional 13,731 shares during the period. Vestmark Advisory Solutions Inc. lifted its holdings in shares of UBS Group by 32.8% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 49,234 shares of the bank’s stock worth $583,000 after acquiring an additional 12,170 shares during the period. Stamos Capital Partners L.P. lifted its holdings in shares of UBS Group by 15.8% during the 2nd quarter. Stamos Capital Partners L.P. now owns 22,000 shares of the bank’s stock worth $262,000 after acquiring an additional 3,000 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of UBS Group by 12.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,122 shares of the bank’s stock worth $382,000 after acquiring an additional 3,656 shares during the period. Finally, Eaton Vance Management lifted its holdings in shares of UBS Group by 3.8% during the 2nd quarter. Eaton Vance Management now owns 679,983 shares of the bank’s stock worth $8,058,000 after acquiring an additional 24,667 shares during the period. Institutional investors and hedge funds own 34.29% of the company’s stock.

About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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