Zacks Investment Research upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a research report released on Monday. Zacks Investment Research currently has $22.00 price target on the bank’s stock.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Though, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework, effective cost reduction initiatives will likely support its bottom line growth.”
A number of other research firms have also commented on UBS. TheStreet raised UBS Group from a d rating to a c rating in a report on Monday, November 27th. Instinet lowered UBS Group from a buy rating to a neutral rating in a report on Sunday, October 1st. Societe Generale reissued a hold rating on shares of UBS Group in a report on Monday, October 30th. Finally, Bank of America raised UBS Group from a neutral rating to a buy rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $22.00.
UBS Group (NYSE:UBS) last posted its earnings results on Friday, October 27th. The bank reported $0.26 EPS for the quarter. UBS Group had a return on equity of 8.01% and a net margin of 11.28%. equities research analysts predict that UBS Group will post 0.64 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc purchased a new position in shares of UBS Group in the 2nd quarter worth $118,000. Oppenheimer & Co. Inc. purchased a new position in shares of UBS Group in the 2nd quarter worth $173,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of UBS Group by 36.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after buying an additional 2,809 shares during the last quarter. River Road Asset Management LLC purchased a new position in shares of UBS Group in the 3rd quarter worth $225,000. Finally, HighTower Advisors LLC boosted its stake in shares of UBS Group by 4.9% in the 2nd quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock worth $244,000 after buying an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.
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About UBS Group
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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