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

UBS Group AG (NYSE:UBS) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 6,170,000 shares, a drop of 20.0% from the August 15th total of 7,710,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,940,000 shares, the days-to-cover ratio is currently 3.2 days.

Several analysts have issued reports on UBS shares. Keefe, Bruyette & Woods raised UBS Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 27th. Barclays reissued an “underweight” rating on shares of UBS Group in a research note on Monday, July 19th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of UBS Group in a research note on Wednesday, July 21st. Credit Suisse Group reissued an “outperform” rating on shares of UBS Group in a research note on Wednesday, July 21st. Finally, Jefferies Financial Group initiated coverage on UBS Group in a research report on Thursday, July 15th. They issued a “buy” rating and a $15.09 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.70.

A number of institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in UBS Group by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 134,610,772 shares of the bank’s stock worth $2,064,929,000 after purchasing an additional 3,117,157 shares during the period. Dodge & Cox boosted its holdings in shares of UBS Group by 0.3% during the second quarter. Dodge & Cox now owns 89,564,542 shares of the bank’s stock worth $1,370,693,000 after acquiring an additional 248,900 shares during the period. Capital International Investors boosted its holdings in shares of UBS Group by 19.2% during the first quarter. Capital International Investors now owns 47,988,912 shares of the bank’s stock worth $743,119,000 after acquiring an additional 7,721,366 shares during the period. Deutsche Bank AG boosted its holdings in shares of UBS Group by 21.4% during the second quarter. Deutsche Bank AG now owns 27,843,246 shares of the bank’s stock worth $427,115,000 after acquiring an additional 4,916,233 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of UBS Group by 9.0% during the first quarter. Allianz Asset Management GmbH now owns 22,039,207 shares of the bank’s stock worth $342,706,000 after acquiring an additional 1,826,770 shares during the period. Institutional investors and hedge funds own 32.99% of the company’s stock.

Shares of NYSE:UBS remained flat at $$15.39 during midday trading on Tuesday. The company had a trading volume of 180,425 shares, compared to its average volume of 2,529,889. UBS Group has a twelve month low of $10.39 and a twelve month high of $17.20. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $53.56 billion, a PE ratio of 7.47, a PEG ratio of 1.72 and a beta of 1.17. The company’s fifty day moving average is $16.41 and its 200 day moving average is $15.97.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Monday, July 19th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. UBS Group had a return on equity of 12.89% and a net margin of 21.49%. The business had revenue of $8.90 billion during the quarter. On average, analysts expect that UBS Group will post 1.82 earnings per share for the current year.

About UBS Group

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.

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