UBS Group (NYSE:UBS) Stock Rating Lowered by Morgan Stanley

UBS Group (NYSE:UBS) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, Marketbeat reports.

Several other brokerages also recently commented on UBS. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Trading Down 0.1 %

Shares of UBS Group stock opened at $33.48 on Thursday. UBS Group has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The firm has a market cap of $107.34 billion, a PE ratio of 22.02 and a beta of 1.16. The business’s fifty day moving average is $32.79 and its two-hundred day moving average is $31.68. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same period in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that UBS Group will post 1.9 earnings per share for the current year.

Institutional Trading of UBS Group

Several institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of UBS Group by 0.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,778,047 shares of the bank’s stock worth $53,910,000 after purchasing an additional 14,817 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of UBS Group by 20.8% during the 4th quarter. Forum Financial Management LP now owns 68,105 shares of the bank’s stock worth $2,065,000 after purchasing an additional 11,749 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of UBS Group by 16.5% during the 4th quarter. Vise Technologies Inc. now owns 54,234 shares of the bank’s stock worth $1,644,000 after purchasing an additional 7,690 shares in the last quarter. Inspire Trust Co. N.A. grew its holdings in shares of UBS Group by 3.4% during the 4th quarter. Inspire Trust Co. N.A. now owns 108,000 shares of the bank’s stock worth $3,275,000 after purchasing an additional 3,583 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank’s stock worth $61,000 after purchasing an additional 477 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.