UBS Group AG (NYSE:UBS) Receives $60.30 Average PT from Analysts

Shares of UBS Group AG (NYSE:UBS) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $60.30.

Several analysts have recently weighed in on the company. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. Finally, BNP Paribas Exane downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th.

UBS Group Stock Up 2.3%

Shares of NYSE:UBS opened at $43.28 on Monday. UBS Group has a 52-week low of $25.75 and a 52-week high of $49.36. The company has a market capitalization of $135.19 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.02. The company has a fifty day moving average of $46.01 and a 200-day moving average of $41.80.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.UBS Group’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, equities analysts predict that UBS Group will post 1.9 EPS for the current fiscal year.

UBS Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, April 22nd.

Institutional Investors Weigh In On UBS Group

A number of institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its position in shares of UBS Group by 12.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 99,400 shares of the bank’s stock worth $4,603,000 after buying an additional 11,298 shares during the period. EP Wealth Advisors LLC bought a new stake in UBS Group during the fourth quarter valued at $579,000. Mackenzie Financial Corp grew its holdings in UBS Group by 17.3% during the 4th quarter. Mackenzie Financial Corp now owns 926,692 shares of the bank’s stock worth $43,166,000 after acquiring an additional 137,009 shares during the period. NewEdge Advisors LLC raised its position in shares of UBS Group by 19.6% in the 4th quarter. NewEdge Advisors LLC now owns 63,920 shares of the bank’s stock worth $2,960,000 after acquiring an additional 10,483 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of UBS Group in the 4th quarter valued at about $41,000.

UBS Group Company Profile

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.