Citigroup Downgrades UBS Group (NYSE:UBS) to Neutral

UBS Group (NYSE:UBS) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

A number of other equities analysts also recently commented on UBS. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

UBS Group Price Performance

Shares of NYSE:UBS traded up $0.46 during mid-day trading on Tuesday, reaching $28.43. 2,486,334 shares of the stock were exchanged, compared to its average volume of 2,901,078. The stock’s 50 day simple moving average is $29.63 and its 200-day simple moving average is $28.25. UBS Group has a one year low of $18.71 and a one year high of $32.13. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. UBS Group’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. On average, analysts predict that UBS Group will post 1.11 EPS for the current year.

Institutional Trading of UBS Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in shares of UBS Group in the fourth quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after acquiring an additional 512 shares during the period. Opal Wealth Advisors LLC acquired a new stake in UBS Group during the first quarter worth approximately $42,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of UBS Group by 118.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock worth $46,000 after acquiring an additional 1,013 shares during the period. Finally, WASHINGTON TRUST Co bought a new stake in shares of UBS Group during the third quarter worth approximately $48,000.

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.