Weiss Ratings Reiterates "Buy (B)" Rating for UBS Group (NYSE:UBS)

Key Points

• Weiss Ratings has reiterated its "Buy (B)" rating for UBS Group, signaling investor confidence in the stock despite mixed ratings from other analysts.
• UBS Group's stock decreased by 0.4%, trading at $38.07, with a market capitalization of $122.05 billion and a twelve-month price range between $25.75 and $42.56.
• The company reported earnings per share of $0.72 for the last quarter, exceeding estimates, with revenue of $11.55 billion, indicating strong financial performance.

UBS Group (NYSE:UBS - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Several other research analysts have also weighed in on UBS. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Morgan Stanley reiterated an "underweight" rating on shares of UBS Group in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, UBS Group currently has a consensus rating of "Moderate Buy".

UBS Group Trading Down 0.4%

Shares of UBS Group stock traded down $0.16 during mid-day trading on Friday, hitting $38.07. 1,542,904 shares of the stock were exchanged, compared to its average volume of 1,889,814. The stock has a market capitalization of $122.05 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. UBS Group has a twelve month low of $25.75 and a twelve month high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a 50-day simple moving average of $40.30 and a 200 day simple moving average of $35.55.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the firm posted $0.34 EPS. Research analysts forecast that UBS Group will post 1.9 EPS for the current year.

Institutional Trading of UBS Group

Several large investors have recently bought and sold shares of UBS. Norges Bank acquired a new stake in UBS Group in the second quarter valued at approximately $4,878,061,000. Goldman Sachs Group Inc. grew its position in UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after acquiring an additional 17,676,829 shares in the last quarter. Nuveen LLC acquired a new stake in UBS Group in the first quarter valued at approximately $348,161,000. Fisher Asset Management LLC grew its position in UBS Group by 16.9% in the second quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank's stock valued at $1,975,903,000 after acquiring an additional 8,448,219 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in UBS Group in the first quarter valued at approximately $206,885,000.

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.

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