Bank of America Downgrades UBS Group (NYSE:UBS) to Underperform

UBS Group (NYSE:UBS) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports.

Other analysts have also issued research reports about the stock. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

UBS Group Price Performance

UBS stock opened at $33.22 on Thursday. The company’s fifty day simple moving average is $33.73 and its 200 day simple moving average is $32.21. The firm has a market cap of $106.50 billion, a price-to-earnings ratio of 21.85 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. UBS Group has a 12-month low of $26.01 and a 12-month high of $35.84.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. UBS Group’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. On average, analysts expect that UBS Group will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of UBS Group during the fourth quarter valued at about $34,837,000. Brucke Financial Inc. bought a new position in shares of UBS Group during the fourth quarter valued at about $617,000. Mackenzie Financial Corp grew its position in shares of UBS Group by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,778,047 shares of the bank’s stock worth $53,910,000 after buying an additional 14,817 shares during the last quarter. Forum Financial Management LP increased its position in UBS Group by 20.8% during the 4th quarter. Forum Financial Management LP now owns 68,105 shares of the bank’s stock valued at $2,065,000 after purchasing an additional 11,749 shares during the period. Finally, Vise Technologies Inc. raised its holdings in UBS Group by 16.5% in the 4th quarter. Vise Technologies Inc. now owns 54,234 shares of the bank’s stock worth $1,644,000 after purchasing an additional 7,690 shares in the last quarter.

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.