UBS Group (NYSE:UBS) Rating Lowered to Neutral at Citigroup

UBS Group (NYSE:UBS) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat.com reports.

A number of other brokerages have also weighed in on UBS. StockNews.com upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

UBS Group Stock Down 3.6 %

Shares of NYSE:UBS opened at $27.37 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 4.23. UBS Group has a one year low of $18.71 and a one year high of $32.13. The business’s 50-day simple moving average is $29.66 and its 200 day simple moving average is $28.27.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. As a group, equities research analysts forecast that UBS Group will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in UBS Group during the 3rd quarter valued at $128,000. DAVENPORT & Co LLC bought a new stake in UBS Group during the 3rd quarter valued at $349,000. Caprock Group LLC bought a new stake in UBS Group during the 3rd quarter valued at $233,000. UMB Bank n.a. raised its stake in UBS Group by 26.1% during the 3rd quarter. UMB Bank n.a. now owns 2,848 shares of the bank’s stock valued at $70,000 after acquiring an additional 589 shares in the last quarter. Finally, WASHINGTON TRUST Co bought a new stake in UBS Group during the 3rd quarter valued at $48,000.

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.