Analysts Set UBS Group AG (NYSE:UBS) Price Target at $60.30

Shares of UBS Group AG (NYSE:UBS) have received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $60.30.

Several research analysts recently weighed in on UBS shares. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, July 30th. Finally, Zacks Research upgraded shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th.

Institutional Investors Weigh In On UBS Group

Large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA lifted its position in shares of UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock valued at $1,676,302,000 after acquiring an additional 629,310 shares during the period. Leonteq Securities AG bought a new position in shares of UBS Group in the 4th quarter valued at $16,512,000. U S Global Investors Inc. acquired a new position in shares of UBS Group during the 4th quarter worth $1,135,000. Havemeyer Place LP acquired a new position in shares of UBS Group during the 4th quarter worth $1,085,000. Finally, Vanguard Group Inc. lifted its position in shares of UBS Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after buying an additional 1,758,287 shares during the last quarter.

UBS Group Stock Up 0.4%

UBS stock opened at $53.89 on Monday. The firm’s 50-day moving average is $51.24 and its two-hundred day moving average is $45.71. The company has a market capitalization of $168.35 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.18. UBS Group has a 52 week low of $36.29 and a 52 week high of $55.15. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. UBS Group’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. On average, analysts forecast that UBS Group will post 3.6 earnings per share for the current fiscal year.

About UBS Group

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.