UBS Group AG (NYSE:UBS) Short Interest Down 28.0% in October

UBS Group AG (NYSE:UBS) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 6,850,000 shares, a decline of 28.0% from the October 15th total of 9,510,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UBS shares. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently bought and sold shares of UBS. Vanguard Group Inc. lifted its stake in UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares during the period. Legal & General Group Plc raised its stake in UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after buying an additional 41,027,134 shares during the last quarter. Capital World Investors grew its position in shares of UBS Group by 3.1% during the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after buying an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC raised its stake in UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after buying an additional 851,231 shares during the period.

UBS Group Price Performance

Shares of NYSE UBS traded up $0.06 during midday trading on Thursday, reaching $31.69. The company’s stock had a trading volume of 1,241,583 shares, compared to its average volume of 2,155,490. The company has a market cap of $101.60 billion, a P/E ratio of 26.48 and a beta of 1.15. UBS Group has a fifty-two week low of $25.24 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $31.14 and its two-hundred day moving average price is $30.47.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the company posted ($0.24) EPS. On average, analysts forecast that UBS Group will post 1.73 EPS for the current fiscal year.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.