UBS Group (NYSE:UBS) Stock Rating Upgraded by Zacks Research

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

UBS has been the topic of several other research reports. BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $60.30 in a research report on Tuesday. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, UBS Group currently has an average rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Stock Performance

UBS Group stock opened at $46.12 on Wednesday. UBS Group has a 52 week low of $25.75 and a 52 week high of $46.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. The stock has a market cap of $147.89 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The stock has a 50 day moving average of $39.32 and a 200-day moving average of $38.12.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UBS. Flagship Wealth Advisors LLC acquired a new position in shares of UBS Group during the third quarter valued at $29,000. Larson Financial Group LLC lifted its position in UBS Group by 118.4% in the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after purchasing an additional 445 shares during the last quarter. Maseco LLP acquired a new position in UBS Group during the 2nd quarter valued at about $28,000. Private Trust Co. NA grew its position 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 purchasing an additional 366 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of UBS Group in the third quarter valued at approximately $37,000.

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.