UBS Group (NYSE:UBS) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a research note published on Wednesday.

Other analysts have also recently issued research reports about the company. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

UBS Group Stock Down 1.2 %

UBS stock opened at $34.67 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a 50 day simple moving average of $31.78 and a 200-day simple moving average of $31.06. The company has a market capitalization of $111.18 billion, a P/E ratio of 28.89 and a beta of 1.15. UBS Group has a twelve month low of $26.00 and a twelve month high of $35.10.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period last year, the business earned ($0.24) EPS. On average, equities research analysts predict that UBS Group will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UBS Group

Several institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of UBS Group during the second quarter worth about $479,000. Benjamin F. Edwards & Company Inc. boosted its stake in UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the period. Sei Investments Co. grew its position in UBS Group by 0.8% in the 2nd quarter. Sei Investments Co. now owns 188,230 shares of the bank’s stock worth $5,560,000 after purchasing an additional 1,536 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in UBS Group by 9.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,373 shares of the bank’s stock worth $283,000 after purchasing an additional 819 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of UBS Group by 2,887.8% in the second quarter. Cubist Systematic Strategies LLC now owns 197,013 shares of the bank’s stock valued at $5,820,000 after purchasing an additional 190,419 shares during the period.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.