Zacks Investment Research lowered shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a report published on Friday.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Also, cost reduction efforts will likely support the bank's bottom line growth. However, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework.”
Other equities analysts also recently issued research reports about the stock. Bank of America upgraded shares of UBS Group from a neutral rating to a buy rating in a research report on Friday, November 10th. TheStreet upgraded shares of UBS Group from a d rating to a c rating in a research report on Monday, November 27th. Societe Generale restated a hold rating on shares of UBS Group in a research report on Monday, October 30th. Finally, Instinet downgraded shares of UBS Group from a buy rating to a neutral rating in a research report on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. UBS Group currently has a consensus rating of Buy and an average price target of $22.00.
UBS Group (NYSE:UBS) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.26 EPS for the quarter. UBS Group had a net margin of 11.28% and a return on equity of 8.01%. equities analysts forecast that UBS Group will post 0.64 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in UBS Group by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after buying an additional 4,634,833 shares during the last quarter. Fisher Asset Management LLC raised its position in UBS Group by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock worth $708,350,000 after buying an additional 1,136,180 shares during the last quarter. Allianz Asset Management GmbH raised its position in UBS Group by 3.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock worth $356,125,000 after buying an additional 668,175 shares during the last quarter. State Street Corp raised its position in UBS Group by 0.3% during the 2nd quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock worth $263,411,000 after buying an additional 50,948 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in UBS Group by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock worth $174,745,000 after buying an additional 290,696 shares during the last quarter. Institutional investors own 33.94% of the company’s stock.
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About UBS Group
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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