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.
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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in UBS Group right now?
Before you consider UBS Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and UBS Group wasn’t on the list.
While UBS Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here