UBS Group (NYSE:UBS) Cut to Hold at Wall Street Zen

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

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.30.

UBS Group Stock Down 0.9%

Shares of UBS Group stock opened at $52.04 on Friday. 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 moving average of $49.94 and a 200 day moving average of $45.25. The firm has a market cap of $162.58 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.82 and a beta of 1.19. UBS Group has a 1 year low of $35.94 and a 1 year high of $55.15.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA lifted its holdings in UBS Group by 3.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 5,382,437 shares of the bank’s stock valued at $251,104,000 after purchasing an additional 158,770 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of UBS Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after purchasing an additional 629,310 shares during the period. Leonteq Securities AG purchased a new stake in shares of UBS Group in the fourth quarter worth $16,512,000. U S Global Investors Inc. purchased a new stake in shares of UBS Group in the fourth quarter worth $1,135,000. Finally, Havemeyer Place LP bought a new stake in shares of UBS Group during the 4th quarter valued at $1,085,000.

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.