UBS Group (NYSE:UBS) Lowered to Underweight Rating by Morgan Stanley

UBS Group (NYSE:UBS - Get Free Report) was downgraded by equities research analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a research note issued on Wednesday,Finviz reports.

Several other analysts have also commented on the company. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UBS Group has an average rating of "Hold".

UBS Group Price Performance

Shares of NYSE UBS opened at $31.59 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. The firm has a market capitalization of $101.28 billion, a P/E ratio of 20.92, a P/E/G ratio of 0.86 and a beta of 1.16. The stock's 50-day simple moving average is $31.06 and its two-hundred day simple moving average is $31.92. UBS Group has a twelve month low of $25.75 and a twelve month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data 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. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The business had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. As a group, equities analysts anticipate that UBS Group will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On UBS Group

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of UBS Group by 10.3% during the 1st quarter. Rhumbline Advisers now owns 42,554 shares of the bank's stock worth $1,303,000 after purchasing an additional 3,971 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank's stock valued at $46,000 after acquiring an additional 573 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in UBS Group in the first quarter valued at $639,000. Fortis Capital Advisors LLC acquired a new position in UBS Group in the first quarter valued at $639,000. Finally, Focus Partners Wealth boosted its stake in UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank's stock valued at $432,000 after acquiring an additional 1,469 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.

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