UBS Group AG (NYSE:UBS – Get Rating) – Stock analysts at Jefferies Financial Group upped their FY2022 earnings estimates for shares of UBS Group in a research report issued on Thursday, May 12th. Jefferies Financial Group analyst F. Bocahut now anticipates that the bank will earn $2.56 per share for the year, up from their previous forecast of $2.41. Jefferies Financial Group also issued estimates for UBS Group’s FY2023 earnings at $2.49 EPS and FY2024 earnings at $2.78 EPS.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research note on Monday, March 21st. The Goldman Sachs Group assumed coverage on shares of UBS Group in a research note on Wednesday, March 30th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of UBS Group from CHF 20 to CHF 21 in a research note on Friday, April 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of UBS Group from CHF 20 to CHF 22 in a research note on Friday, January 28th. Finally, StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, UBS Group currently has a consensus rating of “Buy” and an average target price of $19.57.
UBS opened at $16.70 on Friday. UBS Group has a one year low of $14.42 and a one year high of $21.49. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $18.31. The stock has a market capitalization of $58.12 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18. UBS Group (NYSE:UBS – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. UBS Group had a net margin of 18.88% and a return on equity of 12.96%. The business had revenue of $9.38 billion for the quarter, compared to analysts’ expectations of $8.97 billion. During the same period in the prior year, the firm earned $0.49 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in UBS Group during the fourth quarter worth $2,957,133,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of UBS Group in the first quarter valued at about $185,285,000. Acadian Asset Management LLC raised its holdings in shares of UBS Group by 3,111.3% in the first quarter. Acadian Asset Management LLC now owns 9,564,467 shares of the bank’s stock valued at $188,553,000 after purchasing an additional 9,266,627 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in UBS Group by 14,229.1% during the fourth quarter. Thornburg Investment Management Inc. now owns 8,101,646 shares of the bank’s stock worth $145,825,000 after buying an additional 8,045,106 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in UBS Group by 4.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 143,533,454 shares of the bank’s stock worth $2,804,644,000 after buying an additional 6,510,874 shares during the last quarter. Hedge funds and other institutional investors own 39.72% of the company’s stock.
UBS Group Company Profile (Get 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 offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.
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