UBS Group (NYSE:UBS) Downgraded by Citigroup to “Neutral”

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

Several other equities research analysts have also commented on UBS. StockNews.com raised shares of UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday. Finally, Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

UBS Group Price Performance

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. The firm has a fifty day moving average price of $29.66 and a 200 day moving average price of $28.27. UBS Group has a 1 year low of $18.71 and a 1 year high of $32.13.

UBS Group (NYSE:UBS) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. UBS Group’s revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. On average, research analysts anticipate that UBS Group will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On UBS Group

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of UBS Group in the fourth quarter valued at about $5,004,151,000. Pzena Investment Management LLC grew its holdings in shares of UBS Group by 392.8% in the fourth quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock valued at $931,484,000 after purchasing an additional 24,027,505 shares during the period. FMR LLC grew its holdings in shares of UBS Group by 37.8% in the third quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after purchasing an additional 14,104,407 shares during the period. Vanguard Group Inc. grew its holdings in shares of UBS Group by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after purchasing an additional 7,249,527 shares during the period. Finally, WCM Investment Management LLC grew its holdings in shares of UBS Group by 6,797.0% in the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock valued at $143,567,000 after purchasing an additional 4,568,457 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.