Zacks Investment Research downgraded shares of UBS Group (NYSE:UBS) from a hold rating to a sell rating in a research report released on Monday morning, Zacks.com reports. The firm currently has $10.00 price objective on the bank’s stock.
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. Considerable portion of its earnings continues to be affected by appreciation of the Swiss franc against other currencies. Also, net interest income remains under pressure due to persistent negative interest rates in the domestic economy. Unsustainable capital deployment activities keep us apprehensive. However, the company remains focused on building capital levels and undertaking global expansion initiatives. UBS Group AG continues to execute restructuring initiatives so as to free resources and invest in profitable areas. Further, its cost saving plans will aid in bottom-line expansion. It recently entered into joint venture with Sumitomo Mitsui to further expand operations in Japan. Nevertheless, a strict regulatory framework might keep costs elevated.”
Several other brokerages also recently issued reports on UBS. Keefe, Bruyette & Woods downgraded UBS Group from an outperform rating to a market perform rating in a research report on Tuesday, March 26th. FIG Partners downgraded SVB Financial Group from an outperform rating to a market perform rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $10.00.
Shares of NYSE:UBS opened at $12.13 on Monday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.00 and a quick ratio of 1.00. UBS Group has a 52-week low of $11.32 and a 52-week high of $16.68. The firm has a fifty day moving average of $11.82. The stock has a market capitalization of $46.41 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.50 and a beta of 1.21.
UBS Group (NYSE:UBS) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.30 earnings per share (EPS) for the quarter. UBS Group had a return on equity of 8.57% and a net margin of 12.50%. The business had revenue of $5.71 billion for the quarter. Sell-side analysts forecast that UBS Group will post 1.21 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covenant Multifamily Offices LLC purchased a new position in shares of UBS Group in the 1st quarter worth about $38,000. Enterprise Financial Services Corp raised its holdings in shares of UBS Group by 33.1% in the 1st quarter. Enterprise Financial Services Corp now owns 4,088 shares of the bank’s stock worth $49,000 after purchasing an additional 1,016 shares during the period. Citizens Financial Group Inc RI raised its holdings in shares of UBS Group by 71.7% in the 1st quarter. Citizens Financial Group Inc RI now owns 4,101 shares of the bank’s stock worth $50,000 after purchasing an additional 1,713 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of UBS Group by 711.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 4,242 shares of the bank’s stock worth $51,000 after purchasing an additional 3,719 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of UBS Group by 22.0% in the 1st quarter. Parallel Advisors LLC now owns 5,093 shares of the bank’s stock worth $62,000 after purchasing an additional 919 shares during the period. Hedge funds and other institutional investors own 30.47% of the company’s stock.
UBS Group Company Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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