UBS Group AG (NYSE:UBS) Short Interest Down 30.5% in September

UBS Group AG (NYSE:UBS) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 11,470,000 shares, a drop of 30.5% from the August 30th total of 16,500,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,260,000 shares, the days-to-cover ratio is presently 3.5 days.

Several research analysts have issued reports on UBS shares. BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Friday, August 30th. ValuEngine upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Berenberg Bank restated a “buy” rating and set a $15.00 price target on shares of UBS Group in a report on Friday, August 2nd. Deutsche Bank restated a “neutral” rating on shares of UBS Group in a report on Friday, August 30th. Finally, Zacks Investment Research lowered shares of UBS Group from a “hold” rating to a “sell” rating and set a $10.00 price target for the company. in a report on Monday, July 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Shares of UBS stock traded up $0.32 during trading hours on Friday, hitting $11.10. 2,767,820 shares of the company were exchanged, compared to its average volume of 3,042,767. The firm has a market cap of $39.45 billion, a P/E ratio of 7.87 and a beta of 1.22. UBS Group has a fifty-two week low of $10.12 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day simple moving average of $10.99 and a two-hundred day simple moving average of $11.71.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $5.61 billion during the quarter. UBS Group had a net margin of 14.20% and a return on equity of 8.07%. As a group, sell-side analysts expect that UBS Group will post 1.23 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC grew its position 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 purchasing an additional 968 shares during the period. AdvisorNet Financial Inc grew its position in UBS Group by 304.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 5,255 shares of the bank’s stock valued at $62,000 after purchasing an additional 3,955 shares during the period. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 1,142 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in UBS Group by 101.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,702 shares of the bank’s stock valued at $105,000 after purchasing an additional 4,386 shares during the period. Finally, Cozad Asset Management Inc. grew its position in UBS Group by 18.9% in the 2nd quarter. Cozad Asset Management Inc. now owns 13,290 shares of the bank’s stock valued at $157,000 after purchasing an additional 2,110 shares during the period. 34.28% of the stock is owned by institutional investors.

UBS Group Company Profile

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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