UBS Group (NYSE:UBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
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 reports. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th. Societe Generale reaffirmed a “hold” rating on shares of UBS Group in a research report on Monday, October 30th. TheStreet raised shares of UBS Group from a “d” rating to a “c” rating in a research report on Monday, November 27th. Finally, Instinet cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Sunday, October 1st. One 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 currently has a consensus rating of “Hold” and an average price target of $21.00.
UBS Group (NYSE UBS) traded up $0.28 during trading hours on Friday, hitting $19.30. 2,869,300 shares of the stock traded hands, compared to its average volume of 2,121,875. UBS Group has a 12-month low of $15.10 and a 12-month high of $19.31. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $74,700.00, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of UBS Group by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock worth $1,463,669,000 after acquiring an additional 4,634,833 shares in the last quarter. Fisher Asset Management LLC increased its stake in UBS Group by 2.8% during the 3rd 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 in the last quarter. Allianz Asset Management GmbH increased its stake in UBS Group by 3.3% during the 3rd 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 in the last quarter. State Street Corp increased its stake in UBS Group by 0.3% during the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in UBS Group by 2.9% during the 3rd 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 in the last quarter. 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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