UBS Group (NYSE:UBS) Upgraded at StockNews.com

StockNews.com upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a report published on Friday.

Separately, Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS opened at $31.01 on Friday. The company has a 50-day moving average of $30.88 and a two-hundred day moving average of $30.26. The stock has a market cap of $99.43 billion, a price-to-earnings ratio of 25.84 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.06. UBS Group has a one year low of $24.07 and a one year high of $32.90.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the previous year, the company posted ($0.24) EPS. On average, equities research analysts expect that UBS Group will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds have recently modified their holdings of UBS. Nisa Investment Advisors LLC acquired a new position in UBS Group in the 2nd quarter worth about $41,000. RFP Financial Group LLC lifted its stake in UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC grew its position in UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after acquiring an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of UBS Group in the 2nd quarter valued at $50,000.

About UBS Group

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.