Zacks Investment Research lowered shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a report released on Friday morning.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. The company remains focused on building capital levels, global expansion and executing restructuring initiatives. Moreover, it remains focused on achieving its performance targets. Also, cost reduction efforts will likely support the bank's bottom line growth. However, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework.”
UBS has been the subject of several other research reports. Bank of America upgraded UBS Group from a neutral rating to a buy rating in a research report on Friday, November 10th. Societe Generale reiterated a hold rating on shares of UBS Group in a research report on Monday, October 30th. TheStreet upgraded UBS Group from a d rating to a c rating in a research report on Monday, November 27th. Finally, Instinet downgraded UBS Group from a buy rating to a neutral rating in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. UBS Group presently has a consensus rating of Hold and a consensus price target of $21.00.
Shares of UBS Group (NYSE UBS) traded up $0.29 on Friday, reaching $19.59. The company’s stock had a trading volume of 3,400,000 shares, compared to its average volume of 1,641,237. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.46. UBS Group has a 52-week low of $15.10 and a 52-week high of $19.61. The company has a market cap of $74,364.77, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in UBS Group by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock valued at $1,463,669,000 after purchasing an additional 4,634,833 shares during the last quarter. Fisher Asset Management LLC increased its holdings in UBS Group by 2.8% in the third quarter. Fisher Asset Management LLC now owns 41,303,205 shares of the bank’s stock valued at $708,350,000 after purchasing an additional 1,136,180 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in UBS Group by 3.3% in the third quarter. Allianz Asset Management GmbH now owns 20,820,263 shares of the bank’s stock valued at $356,125,000 after purchasing an additional 668,175 shares during the last quarter. State Street Corp increased its holdings in UBS Group by 0.3% in the second quarter. State Street Corp now owns 15,513,025 shares of the bank’s stock valued at $263,411,000 after purchasing an additional 50,948 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in UBS Group by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 10,189,231 shares of the bank’s stock valued at $174,745,000 after purchasing an additional 290,696 shares during the last quarter. Hedge funds and other institutional investors own 33.95% of the company’s stock.
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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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