UBS Group (NYSE:UBS) Cut to “Underweight” at Morgan Stanley

Morgan Stanley downgraded shares of UBS Group (NYSE:UBS) from an equal weight rating to an underweight rating in a report published on Wednesday morning, MarketBeat.com reports.

Several other brokerages have also recently weighed in on UBS. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Wednesday, June 11th. Wedbush reiterated a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Monday, May 12th. Finally, Jefferies Financial Group upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Trading Down 1.3%

Shares of UBS Group stock opened at $30.39 on Wednesday. The company’s fifty day simple moving average is $31.21 and its 200-day simple moving average is $31.89. The stock has a market capitalization of $97.43 billion, a PE ratio of 20.12, a P/E/G ratio of 0.82 and a beta of 1.16. UBS Group has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. As a group, equities analysts anticipate that UBS Group will post 1.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Timber Creek Capital Management LLC lifted its stake in shares of UBS Group by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock valued at $3,566,000 after buying an additional 311 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in UBS Group by 0.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank’s stock valued at $1,998,000 after acquiring an additional 320 shares during the last quarter. Allworth Financial LP increased its holdings in UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after acquiring an additional 334 shares during the last quarter. Independent Advisor Alliance increased its holdings in UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 339 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in UBS Group by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock valued at $341,000 after acquiring an additional 345 shares during 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.