Brokerages Set UBS Group AG (NYSE:UBS) PT at $60.30

Shares of UBS Group AG (NYSE:UBS) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.30.

Several equities research analysts have commented on UBS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd.

UBS Group Stock Up 0.4%

Shares of UBS stock opened at $48.18 on Wednesday. The stock’s 50-day simple moving average is $42.87 and its 200-day simple moving average is $42.89. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The firm has a market capitalization of $150.51 billion, a PE ratio of 17.27, a P/E/G ratio of 0.83 and a beta of 1.19. UBS Group has a fifty-two week low of $30.36 and a fifty-two week high of $49.36.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. Equities analysts expect that UBS Group will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On UBS Group

A number of large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC purchased a new stake in UBS Group in the first quarter valued at approximately $25,000. MidFirst Bank acquired a new position in UBS Group during the 4th quarter worth $30,000. Navalign LLC purchased a new position in UBS Group in the fourth quarter valued at $32,000. Larson Financial Group LLC increased its holdings in UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after buying an additional 445 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in UBS Group in the third quarter valued at $37,000.

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.