UBS Group (NYSE:UBS) Cut to Hold at StockNews.com

StockNews.com lowered shares of UBS Group (NYSE:UBS) from a buy rating to a hold rating in a report released on Wednesday.

Other equities analysts also recently issued research reports about the company. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS stock opened at $35.39 on Wednesday. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day simple moving average is $31.91 and its 200 day simple moving average is $31.12. UBS Group has a one year low of $26.00 and a one year high of $35.42. The firm has a market cap of $113.49 billion, a price-to-earnings ratio of 29.50 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. On average, analysts expect that UBS Group will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently added to or reduced their stakes in UBS. Berbice Capital Management LLC acquired a new position in UBS Group during the 4th quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in UBS Group in the fourth quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. lifted its holdings in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares during the period. Continuum Advisory LLC grew its holdings in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after acquiring an additional 450 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of UBS Group during the 3rd quarter valued at $71,000.

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.