A number of other research analysts have also commented on the company. Zacks Investment Research lowered UBS Group from a buy rating to a hold rating in a research report on Saturday, January 20th. Credit Suisse Group raised UBS Group from a neutral rating to an outperform rating in a research report on Thursday, January 18th. Barclays began coverage on UBS Group in a research report on Tuesday, January 16th. They set an underweight rating for the company. TheStreet raised UBS Group from a d rating to a c rating in a research report on Monday, November 27th. Finally, Bank of America raised UBS Group from a neutral rating to a buy rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $22.00.
UBS Group (NYSE:UBS) opened at $19.21 on Tuesday. The company has a market capitalization of $73,970.00, a P/E ratio of 61.97 and a beta of 1.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.72. UBS Group has a 52-week low of $15.10 and a 52-week high of $20.89.
UBS Group declared that its board has authorized a share repurchase program on Monday, January 22nd that permits the company to buyback outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new position in shares of UBS Group during the 4th quarter worth approximately $177,000. Harbor Advisors LLC purchased a new position in shares of UBS Group during the 4th quarter worth approximately $183,000. BTC Capital Management Inc. purchased a new position in shares of UBS Group during the 4th quarter worth approximately $193,000. Claraphi Advisory Network LLC purchased a new position in shares of UBS Group during the 4th quarter worth approximately $200,000. Finally, River Road Asset Management LLC purchased a new position in shares of UBS Group during the 3rd quarter worth approximately $225,000. 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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