UBS Group (NYSE:UBS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Thursday, July 2nd. Finally, Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.30.

UBS Group Stock Performance

Shares of UBS opened at $51.69 on Friday. The firm has a market capitalization of $161.47 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a 50-day simple moving average of $49.69 and a two-hundred day simple moving average of $45.18. UBS Group has a one year low of $35.94 and a one year high of $55.15.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. On average, analysts anticipate that UBS Group will post 3.51 EPS for the current fiscal year.

Hedge Funds Weigh In On UBS Group

A number of institutional investors and hedge funds have recently made changes to their positions in UBS. Whipplewood Advisors LLC bought a new stake in shares of UBS Group in the 1st quarter valued at approximately $25,000. MidFirst Bank purchased a new stake in UBS Group in the 4th quarter valued at about $30,000. Navalign LLC purchased a new stake in shares of UBS Group in the fourth quarter valued at approximately $32,000. Robinswood Financial LLC purchased a new stake in shares of UBS Group in the 1st quarter worth $31,000. Finally, Larson Financial Group LLC lifted its stake in UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares during the period.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.