UBS Group (NYSE:UBS) Lowered to Sell Rating by Wall Street Zen

Key Points

• UBS Group has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, causing concern among investors and analysts.
• Despite the downgrade, UBS maintains an average rating of "Hold," with varying ratings from different analysts, including two "sell" and five "buy" ratings.
• UBS Group reported a quarterly earnings per share of $0.72, exceeding analysts' expectations, along with a revenue of $11.55 billion compared to the estimated $9.77 billion.

UBS Group (NYSE:UBS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

UBS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Citigroup reiterated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Wedbush reiterated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold".

UBS Group Stock Performance

NYSE UBS opened at $36.67 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm has a market cap of $117.58 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. UBS Group has a twelve month low of $25.75 and a twelve month high of $38.42. The business has a 50-day moving average price of $34.14 and a 200-day moving average price of $32.74.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, equities research analysts predict that UBS Group will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On UBS Group

Several hedge funds and other institutional investors have recently modified their holdings of UBS. Goldman Sachs Group Inc. raised its holdings in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after buying an additional 17,676,829 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock worth $858,359,000 after buying an additional 17,525,749 shares during the period. FMR LLC raised its holdings in shares of UBS Group by 29.4% in the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock worth $1,695,087,000 after buying an additional 12,609,616 shares during the period. Nuveen LLC purchased a new stake in shares of UBS Group in the first quarter worth approximately $348,161,000. Finally, SIH Partners LLLP purchased a new stake in shares of UBS Group in the fourth quarter worth approximately $214,546,000.

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.

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