UBS Group (NYSE:UBS) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• UBS Group has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more favorable outlook from analysts.
• Various other analysts have praised UBS, with DZ Bank raising its rating to "strong-buy" and the consensus rating being classified as a "Moderate Buy".
• In recent quarterly results, UBS reported earnings per share of $0.72, exceeding expectations, and generated $11.55 billion in revenue for the quarter.

UBS Group (NYSE:UBS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Several other research analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of NYSE UBS traded down $0.10 during midday trading on Friday, hitting $40.51. 1,240,890 shares of the stock traded hands, compared to its average volume of 1,789,001. The firm has a 50-day moving average of $37.30 and a two-hundred day moving average of $33.51. The firm has a market capitalization of $129.88 billion, a P/E ratio of 21.43, a PEG ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group has a one year low of $25.75 and a one year high of $40.71.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $0.34 EPS. On average, equities analysts forecast that UBS Group will post 1.9 EPS for the current fiscal year.

Institutional Trading of UBS Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in UBS Group during the second quarter worth about $4,878,061,000. Goldman Sachs Group Inc. lifted its holdings in shares of UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after acquiring an additional 17,676,829 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in UBS Group by 162.6% during the 4th 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. Nuveen LLC purchased a new stake in UBS Group during the 1st quarter worth approximately $348,161,000. Finally, Fisher Asset Management LLC increased its position in shares of UBS Group by 16.9% in the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank's stock valued at $1,975,903,000 after purchasing an additional 8,448,219 shares during the last quarter.

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.