UBS Group (NYSE:UBS) Downgraded to “Underperform” Rating by Bank of America

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

A number of other research analysts have also recently commented on UBS. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

UBS Group Price Performance

UBS opened at $33.22 on Thursday. The stock has a 50-day moving average price of $33.73 and a 200-day moving average price of $32.21. UBS Group has a 1 year low of $26.01 and a 1 year high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $106.50 billion, a PE ratio of 21.85 and a beta of 1.15.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBS. Lansforsakringar Fondforvaltning AB publ acquired a new stake in UBS Group during the 4th quarter worth about $34,837,000. Brucke Financial Inc. acquired a new stake in UBS Group during the fourth quarter worth about $617,000. Mackenzie Financial Corp grew its holdings in UBS Group by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,778,047 shares of the bank’s stock worth $53,910,000 after acquiring an additional 14,817 shares during the period. Forum Financial Management LP lifted its stake in shares of UBS Group by 20.8% in the 4th quarter. Forum Financial Management LP now owns 68,105 shares of the bank’s stock valued at $2,065,000 after purchasing an additional 11,749 shares during the period. Finally, Vise Technologies Inc. increased its stake in shares of UBS Group by 16.5% in the 4th quarter. Vise Technologies Inc. now owns 54,234 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 7,690 shares in the last quarter.

About UBS Group

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.