FY2022 EPS estimates for UBS Group AG (NYSE:UBS) boosted by analyst

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UBS Group AG (NYSE:UBS – Get Rating) – Equity analysts at Jefferies Financial Group have raised their fiscal year 2022 earnings estimates for UBS Group shares in a research report released Thursday, May 12. Jefferies Financial Group analyst F. Bocahut now expects the bank to earn $2.56 per share for the year, up from his previous forecast of $2.41. Jefferies Financial Group also released estimates for UBS Group earnings for fiscal year 2023 at $2.49 EPS and earnings for fiscal year 2024 at $2.78 EPS.

Several other analysts have also recently commented on the stock. Zacks Investment Research moved UBS Group shares from a “strong buy” rating to a “hold” rating and set a price target of $20.00 for the stock. in a Monday, March 21 research note. Goldman Sachs Group assumed coverage for UBS Group shares in a research note on Wednesday, March 30. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised its price target on UBS Group shares from CHF 20 to CHF 21 in a Friday, April 1 research note. Deutsche Bank Aktiengesellschaft raised its price target on UBS Group shares from CHF 20 to CHF 22 in a Friday, January 28 research note. Finally, StockNews.com upgraded UBS Group shares from a “hold” to a “buy” rating in a Tuesday, April 5 research note. Five research analysts rated the stock with a hold rating and nine assigned the company a buy rating. According to data from MarketBeat.com, UBS Group currently has a consensus rating of “Buy” and an average target price of $19.57.

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UBS opened at $16.70 on Friday. UBS Group has a 1-year low of $14.42 and a 1-year high of $21.49. The company has a debt 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 results on Tuesday, April 26. The bank reported EPS of $0.61 for the quarter, beating the consensus estimate of $0.52 by $0.09. UBS Group achieved a net margin of 18.88% and a return on equity of 12.96%. The company posted revenue of $9.38 billion for the quarter, versus $8.97 billion expected by analysts. In the same period a year earlier, the company earned earnings per share of $0.49.

Hedge funds and other institutional investors have recently changed their positions in the company. 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 UBS Group equity stake in the first quarter valued at approximately $185,285,000. Acadian Asset Management LLC increased its holdings of UBS Group shares by 3,111.3% in the first quarter. Acadian Asset Management LLC now owns 9,564,467 shares of the bank valued at $188,553,000 after purchasing an additional 9,266,627 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in UBS Group by 14,229.1% during the fourth quarter. Thornburg Investment Management Inc. now owns 8,101,646 shares of the bank worth $145,825,000 after purchasing an additional 8,045,106 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in UBS Group by 4.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 143,533,454 shares of the bank worth $2,804,644,000 after purchasing an additional 6,510,874 shares in the last quarter. Hedge funds and other institutional investors own 39.72% of the company’s shares.

UBS Group Company Profile (Get an evaluation)

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, as well as lending solutions to ultra-high net worth and high net worth clients.

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Earnings history and estimates for UBS Group (NYSE:UBS)

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