Zacks Investment Research upgraded shares of UBS Group (NYSE:UBS) from a hold rating to a buy rating in a research report released on Saturday morning. Zacks Investment Research currently has $21.00 price target on the bank’s stock.

According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past three months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. While the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework, cost reduction efforts will likely support the bank's bottom line growth.”

A number of other analysts have also recently issued reports on UBS. Instinet cut UBS Group from a buy rating to a neutral rating in a research report on Sunday, October 1st. Societe Generale reaffirmed a hold rating on shares of UBS Group in a research report on Monday, October 30th. Bank of America raised UBS Group from a neutral rating to a buy rating in a research report on Friday, November 10th. Finally, TheStreet raised UBS Group from a d rating to a c rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. UBS Group presently has a consensus rating of Buy and an average target price of $21.00.

UBS Group (UBS) traded up $0.05 on Friday, hitting $18.93. The stock had a trading volume of 1,842,000 shares, compared to its average volume of 2,063,000. UBS Group has a 52 week low of $15.10 and a 52 week high of $19.02. The firm has a market capitalization of $73,190.00, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21.

A number of large investors have recently added to or reduced their stakes in UBS. Mountain Capital Investment Advisors Inc acquired a new stake in UBS Group during the 2nd quarter worth approximately $118,000. Fiduciary Trust Co. acquired a new stake in UBS Group during the 2nd quarter worth approximately $136,000. Oppenheimer & Co. Inc. acquired a new stake in UBS Group during the 2nd quarter worth approximately $173,000. Northwestern Mutual Wealth Management Co. lifted its holdings in UBS Group by 36.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after purchasing an additional 2,809 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new stake in UBS Group during the 3rd quarter worth approximately $225,000. 33.95% of the stock is owned by institutional investors and hedge funds.

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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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