UBS Group (NYSE: UBS – Get an Assessment) had its target price reduced by Barclays from CHF 19 to CHF 18 in a research note published on Wednesday morning, reports The Fly. The brokerage currently has an equal weight rating on the bank’s shares.
Other equity research analysts have also recently published research reports on the company. Deutsche Bank Aktiengesellschaft raised its price target on UBS Group from CHF20 to CHF22 in a Friday, January 28 research note. Goldman Sachs Group began covering UBS Group shares in a research report on Wednesday, March 30. They issued a buy rating for the company. Morgan Stanley raised its price target on UBS Group shares from CHF 21 to CHF 22 and gave the company an equal weight rating in a report on Wednesday. Zacks Investment Research moved UBS Group from a strong buy rating to a hold rating and set a price target of $20.00 for the company. in a report on Monday, March 21. Finally, Exane BNP Paribas raised the UBS group from a neutral rating to an outperformance rating and set a price target of CHF 21 on the stock in a research note on Friday 7 January. Five research analysts gave the stock a hold rating and ten gave the company’s stock a buy rating. Based on data from MarketBeat.com, UBS Group currently has an average buy rating and average target price of $19.41.
UBS shares opened at $17.26 on Wednesday. UBS Group has a 12-month low of $14.42 and a 12-month high of $21.49. The company’s fifty-day simple moving average is $18.14 and its 200-day simple moving average is $18.33. The company has a market capitalization of $60.06 billion, a PE ratio of 8.42, a P/E/G ratio of 0.49 and a beta of 1.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt ratio of 3.49.
UBS Group (NYSE:UBS – Get Rating) last released its quarterly results on Monday, April 25. The bank reported EPS of $0.61 for the quarter, beating the consensus estimate of $0.49 by $0.12. UBS Group achieved a net margin of 19.20% and a return on equity of 12.48%. In the same quarter a year earlier, the company posted EPS of $0.49. On average, stock analysts predict that UBS Group will post earnings per share of 2.18 for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Thursday, April 14. Investors of record on Wednesday, April 13 received a dividend of $0.50 per share. This represents a return of 1.2%. This is a positive change from UBS Group’s previous annual dividend of $0.37. The ex-dividend date was Tuesday, April 12. UBS Group’s dividend payout ratio (DPR) is currently 7.80%.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. West Bancorporation Inc. purchased a new stake in UBS Group during the fourth quarter for a value of approximately $26,000. CWM LLC acquired a new stake in shares of UBS Group during the 4th quarter for a value of approximately $31,000. Assetmark Inc. increased its stake in UBS Group to 73.4% in the third quarter. Assetmark Inc. now owns 2,648 shares of the bank valued at $42,000 after acquiring 1,121 additional shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in UBS Group during the first quarter worth approximately $63,000. Finally, Bessemer Group Inc. increased its stake in UBS Group by 41.3% during the fourth quarter. Bessemer Group Inc. now owns 3,752 shares of the bank worth $67,000 after purchasing an additional 1,097 shares in the last quarter. Institutional investors hold 33.10% of the company’s shares.
UBS Group Company Profile (Get a rating)
UBS Group AG provides financial advice and solutions to private, institutional and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and Investment Bank. The Global Wealth Management division provides investment advice and solutions, as well as lending solutions to ultra-high net worth and high net worth clients.
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