Zacks Investment Research lowered shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a research note issued to investors on Saturday, January 20th.
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, effective cost reduction initiatives will likely support its bottom line growth. However, the company's profitability continues to be challenged by negative interest rates in the domestic economy and strict regulatory framework.”
Several other equities analysts also recently weighed in on the company. Bank of America upgraded UBS Group from a neutral rating to a buy rating in a research report on Friday, November 10th. TheStreet upgraded UBS Group from a d rating to a c rating in a research report on Monday, November 27th. Credit Suisse Group upgraded UBS Group from a neutral rating to an outperform rating in a research report on Thursday, January 18th. Societe Generale reiterated a hold rating on shares of UBS Group in a research report on Monday, October 30th. Finally, Instinet downgraded UBS Group from a buy rating to a neutral rating in a research report on Sunday, October 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. UBS Group presently has a consensus rating of Hold and a consensus target price of $22.00.
Shares of UBS Group (NYSE:UBS) traded up $0.48 on Friday, reaching $19.10. The company’s stock had a trading volume of 2,130,685 shares, compared to its average volume of 2,932,740. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.21 and a current ratio of 1.21. UBS Group has a one year low of $15.10 and a one year high of $20.89. The firm has a market capitalization of $72,105.21, a price-to-earnings ratio of 65.86 and a beta of 1.28.
UBS Group announced that its Board of Directors has authorized a share buyback plan on Monday, January 22nd that permits the company to repurchase shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of UBS. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of UBS Group in the fourth quarter valued at $352,202,000. Vanguard Group Inc. grew its stake in shares of UBS Group by 5.7% in the second quarter. Vanguard Group Inc. now owns 86,199,587 shares of the bank’s stock valued at $1,463,669,000 after buying an additional 4,634,833 shares in the last quarter. Deutsche Bank AG grew its stake in shares of UBS Group by 13.9% in the fourth quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock valued at $459,289,000 after buying an additional 3,038,816 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of UBS Group by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 65,055,289 shares of the bank’s stock valued at $1,197,783,000 after buying an additional 2,520,690 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in UBS Group by 3,116.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,558,612 shares of the bank’s stock worth $43,446,000 after purchasing an additional 2,479,068 shares in the last quarter. 33.94% of the stock is owned by institutional investors and hedge funds.
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UBS Group Company Profile
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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