UBS Group (NYSE:UBS) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of UBS Group (NYSE:UBS) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks reports.

UBS has been the subject of a number of other reports. Wall Street Zen downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Bank of America reaffirmed a “buy” rating on shares of UBS Group in a report on Tuesday, September 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Thursday, October 29th. DZ Bank reissued a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research note on Wednesday, September 23rd. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Price Performance

NYSE UBS opened at $48.00 on Monday. UBS Group has a 12 month low of $36.29 and a 12 month high of $55.99. The company has a market capitalization of $149.94 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The company’s fifty day moving average price is $50.02 and its two-hundred day moving average price is $47.13.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.06). The company had revenue of $13.39 billion for the quarter, compared to analyst estimates of $13.07 billion. UBS Group had a return on equity of 10.77% and a net margin of 13.36%. UBS Group’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. As a group, analysts anticipate that UBS Group will post 3.63 EPS for the current year.

Institutional Investors Weigh In On UBS Group

Several institutional investors and hedge funds have recently bought and sold shares of UBS. Beverly Hills Private Wealth LLC acquired a new position in shares of UBS Group during the third quarter valued at $596,000. Brighton Jones LLC raised its stake in shares of UBS Group by 5.7% during the third quarter. Brighton Jones LLC now owns 8,044 shares of the bank’s stock valued at $387,000 after purchasing an additional 437 shares in the last quarter. Ethic Inc. raised its stake in shares of UBS Group by 73.5% during the third quarter. Ethic Inc. now owns 261,240 shares of the bank’s stock valued at $12,573,000 after purchasing an additional 110,694 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of UBS Group during the third quarter valued at about $262,000. Finally, CenterBook Partners LP lifted its holdings in UBS Group by 70.8% in the third quarter. CenterBook Partners LP now owns 132,936 shares of the bank’s stock worth $6,398,000 after purchasing an additional 55,087 shares during the period.

About UBS Group

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.