UBS Group (NYSE:UBS) Rating Lowered to “Underperform” at Bank of America

UBS Group (NYSE:UBS) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Thursday, MarketBeat.com reports.

Several other research firms have also issued reports on UBS. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

UBS Group Trading Down 1.1 %

UBS opened at $31.56 on Thursday. The stock has a 50-day moving average of $33.66 and a 200 day moving average of $32.23. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group has a 12 month low of $26.01 and a 12 month high of $35.84. The firm has a market cap of $101.19 billion, a P/E ratio of 20.76 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) EPS. As a group, research analysts forecast that UBS Group will post 1.9 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of UBS Group by 44.9% in the third quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank’s stock valued at $488,000 after acquiring an additional 4,889 shares in the last quarter. Commerce Bank increased its position in UBS Group by 3.9% during the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after purchasing an additional 346 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of UBS Group by 17.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after purchasing an additional 33,089 shares in the last quarter. Cerity Partners LLC lifted its position in shares of UBS Group by 45.7% in the 3rd quarter. Cerity Partners LLC now owns 128,980 shares of the bank’s stock worth $3,987,000 after purchasing an additional 40,485 shares during the period. Finally, Fisher Asset Management LLC bought a new position in shares of UBS Group during the third quarter valued at approximately $23,884,000.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.