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

Key Points

• UBS Group has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more positive outlook for the stock.
• While UBS Group has one sell rating, it also has five buy ratings and five hold ratings, resulting in an average rating of "Moderate Buy" from analysts.
• In the first quarter, Goldman Sachs boosted its stake in UBS Group by 88.5%, demonstrating strong institutional interest in the company.

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

Other analysts have also issued reports about the company. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Finally, Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

UBS Group Price Performance

Shares of NYSE UBS traded up $0.03 during mid-day trading on Friday, hitting $37.81. 318,927 shares of the company's stock traded hands, compared to its average volume of 3,217,701. UBS Group has a 1 year low of $25.75 and a 1 year high of $38.42. 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 company's 50-day moving average is $33.71 and its two-hundred day moving average is $32.60. The company has a market capitalization of $121.22 billion, a P/E ratio of 25.02, a PEG ratio of 0.69 and a beta of 1.15.

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

Hedge Funds Weigh In On UBS Group

Several institutional investors and hedge funds have recently modified their holdings of UBS. City Holding Co. bought a new position in UBS Group in the 1st quarter worth about $25,000. Maseco LLP bought a new position in UBS Group during the second quarter valued at about $28,000. Grove Bank & Trust purchased a new position in shares of UBS Group in the first quarter worth $28,000. Headlands Technologies LLC purchased a new position in UBS Group in the 4th quarter worth about $33,000. Finally, Quarry LP purchased a new position in UBS Group in the first quarter valued at about $37,000.

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.