UBS Group AG (NYSE:UBS) Sees Large Growth in Short Interest

UBS Group AG (NYSE:UBS) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 15,510,000 shares, a growth of 24.1% from the June 30th total of 12,500,000 shares. Based on an average daily volume of 3,630,000 shares, the short-interest ratio is currently 4.3 days. Approximately 0.5% of the company’s stock are sold short.

Shares of NYSE:UBS opened at $11.68 on Friday. The company has a market capitalization of $42.75 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.76 and a beta of 1.26. UBS Group has a 12 month low of $7.48 and a 12 month high of $13.49. The firm’s 50-day moving average is $11.59 and its 200 day moving average is $11.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.24.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $7.68 billion for the quarter. UBS Group had a net margin of 15.29% and a return on equity of 8.12%. As a group, equities analysts forecast that UBS Group will post 1.2 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in UBS Group by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 138,331,661 shares of the bank’s stock worth $1,280,952,000 after acquiring an additional 867,055 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in UBS Group by 7.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,849,387 shares of the bank’s stock worth $372,567,000 after acquiring an additional 2,594,803 shares in the last quarter. Deutsche Bank AG grew its stake in UBS Group by 17.8% in the 1st quarter. Deutsche Bank AG now owns 25,686,885 shares of the bank’s stock worth $237,860,000 after acquiring an additional 3,880,556 shares in the last quarter. Pzena Investment Management LLC grew its stake in UBS Group by 2.2% in the 1st quarter. Pzena Investment Management LLC now owns 7,814,315 shares of the bank’s stock worth $72,361,000 after acquiring an additional 168,602 shares in the last quarter. Finally, M&G Investment Management Ltd. grew its stake in UBS Group by 8.6% in the 1st quarter. M&G Investment Management Ltd. now owns 6,053,079 shares of the bank’s stock worth $56,672,000 after acquiring an additional 477,919 shares in the last quarter. Institutional investors and hedge funds own 29.77% of the company’s stock.

Several research firms have recently issued reports on UBS. Oddo Bhf upgraded shares of UBS Group from a “reduce” rating to a “neutral” rating in a report on Thursday, July 23rd. Credit Suisse Group reiterated an “outperform” rating on shares of UBS Group in a report on Wednesday, July 22nd. Morgan Stanley restated an “equal weight” rating on shares of UBS Group in a report on Friday, July 24th. Zacks Investment Research raised shares of UBS Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, May 29th. Finally, Berenberg Bank downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

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.

See Also: Trading Strategy Methods and Types

Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.