UBS Group (NYSE:UBS) Stock Rating Upgraded by Bank of America

UBS Group (NYSE:UBS - Get Free Report) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

A number of other brokerages have also commented on UBS. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

UBS Group Price Performance

NYSE:UBS opened at $36.30 on Tuesday. The business's 50-day moving average price is $33.14 and its 200 day moving average price is $32.37. The firm has a market cap of $116.38 billion, a P/E ratio of 24.04, a PEG ratio of 0.94 and a beta of 1.15. UBS Group has a 52-week low of $25.75 and a 52-week high of $36.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. As a group, sell-side analysts predict that UBS Group will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UBS. Norges Bank acquired a new position in shares of UBS Group in the fourth quarter valued at $5,594,066,000. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 17,676,829 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake 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 purchasing an additional 17,525,749 shares in the last quarter. FMR LLC raised its stake 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 purchasing an additional 12,609,616 shares in the last quarter. Finally, Nuveen LLC acquired 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.

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