Morgan Stanley Downgrades UBS Group (NYSE:UBS) to Underweight

Morgan Stanley downgraded shares of UBS Group (NYSE:UBS - Free Report) from an equal weight rating to an underweight rating in a report released on Wednesday morning, Marketbeat Ratings reports.

Several other equities analysts also recently issued reports on UBS. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Wedbush restated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, Bank of America downgraded UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, UBS Group has a consensus rating of "Hold".

UBS Group Stock Performance

Shares of NYSE UBS traded down $0.39 during midday trading on Wednesday, hitting $30.39. 4,216,304 shares of the company's stock were exchanged, compared to its average volume of 2,420,789. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. The stock's 50 day moving average price is $31.21 and its 200-day moving average price is $31.89. The firm has a market cap of $97.43 billion, a P/E ratio of 20.12, a PEG ratio of 0.81 and a beta of 1.16. 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 issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Equities research analysts anticipate that UBS Group will post 1.9 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UBS. Norges Bank bought a new position in shares of UBS Group in the fourth quarter valued at $5,594,066,000. Goldman Sachs Group Inc. increased 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 valued at $1,153,354,000 after buying an additional 17,676,829 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 valued at $858,359,000 after buying an additional 17,525,749 shares in the last quarter. FMR LLC increased 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 valued at $1,695,087,000 after buying an additional 12,609,616 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of UBS Group in the first quarter valued at $348,161,000.

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.