Wall Street Zen Downgrades UBS Group (NYSE:UBS) to Hold

UBS Group (NYSE:UBS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday, July 2nd. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Price Performance

NYSE UBS opened at $52.52 on Friday. The company has a market cap of $164.08 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.81 and a beta of 1.19. The company has a fifty day simple moving average of $49.81 and a 200 day simple moving average of $45.22. UBS Group has a 1 year low of $35.94 and a 1 year high of $55.15. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. On average, sell-side analysts predict that UBS Group will post 3.51 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in UBS Group during the fourth quarter worth about $4,889,413,000. Assenagon Asset Management S.A. grew its stake in UBS Group by 6,277.5% in the second quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock valued at $821,228,000 after acquiring an additional 16,277,125 shares during the period. Viking Global Investors LP increased its holdings in shares of UBS Group by 407.5% in the third quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock worth $534,852,000 after acquiring an additional 10,516,148 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of UBS Group in the fourth quarter worth about $411,917,000. Finally, Janus Henderson Group PLC raised its position in shares of UBS Group by 253.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,861,746 shares of the bank’s stock worth $320,074,000 after purchasing an additional 4,919,494 shares during the period.

UBS Group Company Profile

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.