UBS Group (NYSE:UBS) Downgraded by Citigroup to “Neutral”

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

Other analysts also recently issued reports about the stock. BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. StockNews.com upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group Price Performance

UBS traded up $0.46 during trading on Tuesday, hitting $28.43. 2,486,334 shares of the stock were exchanged, compared to its average volume of 2,901,078. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 4.23. UBS Group has a 1 year low of $18.71 and a 1 year high of $32.13. The firm has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $28.25.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of UBS Group by 8.7% during the 4th quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock worth $139,000 after purchasing an additional 361 shares in the last quarter. Global Retirement Partners LLC raised its holdings in UBS Group by 24.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after acquiring an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in UBS Group by 5.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock worth $258,000 after buying an additional 419 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of UBS Group by 11.2% in the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after acquiring an additional 420 shares during the last quarter. Finally, Drive Wealth Management LLC grew its stake in shares of UBS Group by 4.3% during the 4th quarter. Drive Wealth Management LLC now owns 10,302 shares of the bank’s stock valued at $318,000 after buying an additional 429 shares during the period.

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.