UBS Group (NYSE:UBS) Upgraded to “Buy” at Kepler Capital Markets

Kepler Capital Markets upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a research report released on Friday morning, Marketbeat Ratings reports.

UBS has been the subject of a number of other reports. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Bank of America started coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Finally, StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS stock opened at $32.31 on Friday. UBS Group has a 1 year low of $26.00 and a 1 year high of $33.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm’s 50 day moving average is $31.63 and its 200-day moving average is $30.88. The firm has a market capitalization of $103.60 billion, a price-to-earnings ratio of 26.93 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter in the prior year, the business earned ($0.24) EPS. Sell-side analysts forecast that UBS Group will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in shares of UBS Group in the 4th quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. raised its holdings in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares during the period. Continuum Advisory LLC boosted its position in shares of UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group in the 2nd quarter valued at $50,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of UBS Group in the 3rd quarter valued at $71,000.

About UBS Group

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.