UBS Group Stock Rating Upgraded by StockNews.com

UBS Group (NYSE:UBS) has received an upgrade from research analysts at StockNews.com, who raised its rating from "hold" to "buy" in a report released on Friday.

In a separate update, Bank of America initiated coverage on UBS Group and assigned it a "neutral" rating as of September 19. In total, three analysts have rated the stock as "hold," while three others have given it a "buy" rating. According to MarketBeat.com, the overall consensus rating for UBS Group is classified as a "Moderate Buy."

Performance of UBS Group Shares

On Friday, UBS Group shares traded up by $0.43, reaching a price of $31.11. The trading volume for the day was 1,365,025 shares, which is lower than its average volume of 2,181,393 shares. Currently, UBS Group has a market capitalization of approximately $99.75 billion and a price-to-earnings ratio of 25.93, along with a beta of 1.15. The stock has a moving average of $30.88 over the last 50 days and $30.21 over 200 days. Over the past year, the company has witnessed a low of $24.07 and a high of $32.90.

Recent Financial Results and Expectations

For its latest quarterly earnings report announced on August 14, UBS Group reported earnings per share (EPS) of $0.34, which surpassed the consensus forecast of $0.12 by a notable $0.22. The bank's revenue for the quarter came in at $11.90 billion, outpacing analyst expectations of $11.26 billion. The company reported a net margin of 5.13% and a return on equity of 4.72%. In the same quarter last year, UBS reported an EPS of $1.88, and analysts are predicting an EPS of 1.45 for the current fiscal year.

Institutional Investment Movements

Several institutional investors have made changes regarding their holdings in UBS Group recently. Drive Wealth Management LLC increased its stake in the bank's shares by 3.2% during the second quarter and now owns 11,100 shares valued at $328,000. Additionally, Rosenberg Matthew Hamilton raised its stake by 15.6% earlier this month, acquiring 2,624 shares valued at $81,000. D Orazio & Associates Inc. also boosted its holdings by 3.5% and now owns 11,264 shares worth $346,000. Other investors, including Parallel Advisors LLC and Traveka Wealth LLC, have similarly increased their stakes in UBS Group during the second quarter.

Overview of UBS Group

UBS Group AG specializes in providing financial advice and solutions to private, institutional, and corporate clients across the globe. The firm operates through five key divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. UBS Group offers a comprehensive range of services, including investment advice, wealth planning, corporate banking, and various lending solutions.

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