UBS Group (UBS) Downgraded to “Strong Sell” at ValuEngine

ValuEngine cut shares of UBS Group (NYSE:UBS) from a sell rating to a strong sell rating in a research note published on Thursday.

A number of other brokerages have also commented on UBS. Societe Generale raised shares of UBS Group from a hold rating to a buy rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of UBS Group from a sell rating to a hold rating in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of UBS Group in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $22.00.

NYSE UBS traded up $0.05 during trading on Thursday, hitting $14.24. The stock had a trading volume of 1,963,509 shares, compared to its average volume of 2,211,520. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $52.65 billion, a P/E ratio of 13.31 and a beta of 1.28. UBS Group has a one year low of $13.01 and a one year high of $20.89.

Several large investors have recently modified their holdings of UBS. Bank of Montreal Can purchased a new position in shares of UBS Group during the second quarter worth approximately $136,475,000. Massachusetts Financial Services Co. MA increased its position in shares of UBS Group by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 159,614,601 shares of the bank’s stock worth $2,448,489,000 after acquiring an additional 3,350,959 shares during the period. LMR Partners LLP purchased a new position in shares of UBS Group during the second quarter worth approximately $32,729,000. Fisher Asset Management LLC increased its position in shares of UBS Group by 4.7% during the second quarter. Fisher Asset Management LLC now owns 46,463,998 shares of the bank’s stock worth $712,758,000 after acquiring an additional 2,071,414 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of UBS Group by 19.8% during the second quarter. Wells Fargo & Company MN now owns 11,170,651 shares of the bank’s stock worth $171,358,000 after acquiring an additional 1,844,479 shares during the period. 32.02% of the stock is currently owned by institutional investors and hedge funds.

About UBS Group

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.

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