UBS Group AG (NYSE:UBS) saw a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 10,870,000 shares, an increase of 16.5% from the November 14th total of 9,330,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,550,000 shares, the days-to-cover ratio is currently 4.3 days.
Several institutional investors and hedge funds have recently made changes to their positions in UBS. Quest Capital Management Inc. ADV acquired a new stake in UBS Group in the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC grew its stake in UBS Group by 77.2% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,614 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,139 shares during the last quarter. Advisory Services Network LLC grew its stake in UBS Group by 56.3% in the 2nd quarter. Advisory Services Network LLC now owns 2,686 shares of the bank’s stock valued at $32,000 after acquiring an additional 968 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in UBS Group by 22.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,131 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Corient Capital Partners LLC acquired a new stake in UBS Group in the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 28.98% of the company’s stock.
A number of brokerages have recently issued reports on UBS. ValuEngine downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a report on Tuesday. BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Friday, August 30th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. DZ Bank reiterated a “sell” rating on shares of UBS Group in a report on Wednesday, August 21st. Finally, Exane BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Friday, August 30th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.50.
Shares of UBS traded up $0.11 during trading hours on Friday, reaching $12.27. The company had a trading volume of 2,995,329 shares, compared to its average volume of 1,879,649. The firm has a 50 day simple moving average of $12.11 and a 200-day simple moving average of $11.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.26. The company has a market capitalization of $43.59 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 8.86 and a beta of 1.23. UBS Group has a 12-month low of $10.12 and a 12-month high of $13.62.
UBS Group (NYSE:UBS) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $5.54 billion during the quarter. UBS Group had a net margin of 13.69% and a return on equity of 7.50%. Sell-side analysts forecast that UBS Group will post 1.25 earnings per share for the current year.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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