UBS Group (NYSE:UBS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a 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 topic of a number of other research reports. Instinet lowered shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Sunday, October 1st. Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating in a report on Friday, November 10th. TheStreet upgraded shares of UBS Group from a “d” rating to a “c” rating in a report on Monday, November 27th. Finally, Societe Generale restated a “hold” rating on shares of UBS Group in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.00.
Shares of UBS Group (NYSE:UBS) opened at $19.59 on Friday. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21. UBS Group has a fifty-two week low of $15.10 and a fifty-two week high of $19.61. The firm has a market cap of $75,482.17, a PE ratio of 17.18, a P/E/G ratio of 0.81 and a beta of 1.23.
Large investors have recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc purchased a new stake in UBS Group in the 2nd quarter valued at about $118,000. Oppenheimer & Co. Inc. purchased a new stake in UBS Group in the 2nd quarter valued at about $173,000. Northwestern Mutual Wealth Management Co. increased its stake in UBS Group by 36.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock valued at $178,000 after buying an additional 2,809 shares during the last quarter. River Road Asset Management LLC purchased a new stake in UBS Group in the 3rd quarter valued at about $225,000. Finally, HighTower Advisors LLC increased its stake in UBS Group by 4.9% in the 2nd quarter. HighTower Advisors LLC now owns 14,401 shares of the bank’s stock valued at $244,000 after buying an additional 673 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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