UBS Group (NYSE:UBS) Coverage Initiated at Bank of America

Equities researchers at Bank of America began coverage on shares of UBS Group (NYSE:UBS) in a report released on Thursday, StockNewsAPI reports. The brokerage set a “neutral” rating on the bank’s stock.

Separately, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Stock Down 1.6 %

UBS Group stock opened at $29.90 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The stock’s fifty day simple moving average is $29.92 and its 200-day simple moving average is $30.03. The firm has a market capitalization of $95.87 billion, a P/E ratio of 3.26 and a beta of 1.15. UBS Group has a twelve month low of $23.23 and a twelve month high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, equities analysts expect that UBS Group will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UBS. Opal Wealth Advisors LLC purchased a new position in UBS Group in the 1st quarter valued at $42,000. Nisa Investment Advisors LLC acquired a new stake in shares of UBS Group in the 2nd quarter worth $41,000. RFP Financial Group LLC boosted its holdings in shares of 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 in the last quarter. Larson Financial Group LLC increased its stake in shares of UBS Group by 5,742.3% during 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 during the period. Finally, Mather Group LLC. purchased a new position in UBS Group during the first quarter worth about $51,000.

UBS Group Company Profile

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.