In yesterday’s Wall Street session, UBS Group AG (NYSE:UBS) shares traded at $25.14, up 0.84% from the previous session.
As of this writing, 21 analysts cover UBS Group AG (NYSE:UBS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.72 and a low of $18.27, we find $24.22. Given the previous closing price of $24.93, this indicates a potential downside of -2.85 percent. UBS stock price is now 16.24% away from the 50-day moving average and 24.05% away from the 200-day moving average. The market capitalization of the company currently stands at $87.88B.
There are 7 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $25.11 as their price target over the next twelve months.
Insiders disposed of 399,051 shares of company stock worth roughly $10.03 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UBS stock. A new stake in UBS Group AG shares was purchased by DISCOVERY CAPITAL MANAGEMENT, LLC / CT during the first quarter worth $70,764,000. ODEY ASSET MANAGEMENT GROUP LTD invested $64,518,000 in shares of UBS during the first quarter. In the first quarter, ODEY ASSET MANAGEMENT LLP acquired a new stake in UBS Group AG valued at approximately $59,627,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in UBS for approximately $35,835,000. DUQUESNE FAMILY OFFICE LLC purchased a new stake in UBS valued at around $19,094,000 in the second quarter.
Tuesday morning saw UBS Group AG (NYSE: UBS) opened at $24.71. During the past 12 months, UBS Group AG has had a low of $13.62 and a high of $25.03. The fifty day moving average price for UBS is $21.72 and a two-hundred day moving average price translates $20.44 for the stock.
The latest earnings results from UBS Group AG (NYSE: UBS) was released for Mar, 2023. According to the Banks – Diversified Company, earnings per share came in at $0.32, missing analysts’ expectations of $0.54 by -0.22. This compares to $0.61 EPS in the same period last year. The net profit margin was 41.20% and return on equity was 11.50% for UBS. The company reported revenue of $5.2 billion for the quarter, compared to $2.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.84 percent. For the current quarter, analysts expect UBS to generate $8.57B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 04/13/2023 were paid a $0.275 dividend. On an annualized basis, this represents a $0.56 dividend and a 2.21% percent yield. There was an ex-dividend date of 04/12/2023 for this dividend.
UBS Group AG(UBS) Company Profile
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, and lending solutions. This segment also provides estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions. The Personal & Corporate Banking division provides personal banking products and services, such as deposits, cards, and online and mobile banking, as well as lending, investments, and retirement services; and corporate and institutional solutions, including equity and debt capital markets, syndicated and structured credit, private placements, leasing, traditional financing, trade and export finance, and global custody solutions, as well as transaction banking solutions for payment and cash management. The Asset Management division offers equities, fixed income, hedge funds, real estate and private markets, indexed and alternative beta strategies, asset allocation and currency investment strategies, customized multi-asset solutions, advisory and fiduciary services, and multi-manager hedge fund solutions and advisory services. The Investment Bank division advises clients on strategic business opportunities and helps them raise capital to fund their activities; enables its clients to buy, sell, and finance securities on capital markets and to manage their risks and liquidity; distribute, trade, finance, and clear cash equities and equity-linked products; and offers clients differentiated content on major financial markets and securities. The company was formerly known as UBS AG and changed its name to UBS Group AG in December 2014. UBS Group AG was founded in 1862 and is based in Zurich, Switzerland.
