UBS (NYSE:UBS) shares gapped down before the market opened on Monday . The stock had previously closed at $18.19, but opened at $17.65. UBS shares last traded at $17.13, with a volume of 3703721 shares changing hands.
Several brokerages recently issued reports on UBS. Zacks Investment Research raised UBS from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, January 15th. ValuEngine cut UBS from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays began coverage on UBS in a research report on Tuesday, January 16th. They set an “underweight” rating on the stock. JPMorgan Chase reaffirmed a “buy” rating on shares of UBS in a research report on Wednesday, March 7th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of UBS in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. UBS currently has a consensus rating of “Hold” and a consensus price target of $22.00.
The firm has a market capitalization of $66,024.11, a P/E ratio of 15.67 and a beta of 1.33. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 1.21.
UBS (NYSE:UBS) last issued its quarterly earnings results on Sunday, January 21st. The bank reported $0.17 EPS for the quarter. The business had revenue of $7.31 billion for the quarter. UBS had a return on equity of 8.59% and a net margin of 3.93%. equities analysts expect that UBS will post 1.63 EPS for the current fiscal year.
UBS announced that its Board of Directors has initiated a stock buyback plan on Monday, January 22nd that permits the company to repurchase outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG raised its stake in shares of UBS by 13.9% in the fourth quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock valued at $459,289,000 after buying an additional 3,038,816 shares during the period. Aperio Group LLC raised its stake in shares of UBS by 7.1% during the 4th quarter. Aperio Group LLC now owns 1,107,405 shares of the bank’s stock valued at $20,365,000 after purchasing an additional 73,639 shares during the period. Delek Group Ltd. bought a new stake in shares of UBS during the 4th quarter valued at $7,347,000. Neuberger Berman Group LLC raised its stake in shares of UBS by 4.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 516,883 shares of the bank’s stock valued at $8,865,000 after purchasing an additional 20,225 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of UBS during the 4th quarter valued at $352,202,000. Hedge funds and other institutional investors own 38.83% of the company’s stock.
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UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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