UBS Group (NYSE:UBS) Stock Gets Downgrade from Zacks Research

UBS Group (NYSE:UBS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other equities research analysts have also commented on the stock. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Royal Bank Of Canada reissued a “buy” rating on shares of UBS Group in a research report on Monday, September 28th. DZ Bank restated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Price Performance

Shares of UBS Group stock opened at $48.00 on Monday. The business’s 50 day simple moving average is $50.02 and its two-hundred day simple moving average is $47.13. The stock has a market capitalization of $149.94 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. UBS Group has a one year low of $36.29 and a one year high of $55.99.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.06). The company had revenue of $13.39 billion during the quarter, compared to the consensus estimate of $13.07 billion. UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Sell-side analysts expect that UBS Group will post 3.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UBS. SEB Asset Management AB bought a new position in UBS Group in the first quarter worth about $44,326,000. Allspring Global Investments Holdings LLC bought a new stake in UBS Group during the 1st quarter valued at approximately $1,740,000. Quantinno Capital Management LP boosted its position in UBS Group by 30.4% during the 1st quarter. Quantinno Capital Management LP now owns 618,683 shares of the bank’s stock valued at $24,172,000 after acquiring an additional 144,200 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in UBS Group by 8.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 588,312 shares of the bank’s stock valued at $21,739,000 after acquiring an additional 47,444 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of UBS Group during the 1st quarter worth approximately $1,250,000.

About UBS Group

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.