Bank of America downgraded shares of UBS Group (NYSE:UBS - Free Report) from a neutral rating to an underperform rating in a research report sent to investors on Thursday, MarketBeat Ratings reports.
Several other research firms also recently issued reports on UBS. StockNews.com downgraded shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold".
Check Out Our Latest Stock Report on UBS
UBS Group Stock Performance
Shares of UBS stock traded down $0.35 on Thursday, hitting $31.56. The company had a trading volume of 3,489,622 shares, compared to its average volume of 2,187,196. 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 has a twelve month low of $26.01 and a twelve month high of $35.84. The company has a 50-day moving average price of $33.66 and a 200-day moving average price of $32.26. The firm has a market cap of $101.19 billion, a P/E ratio of 20.76 and a beta of 1.15.
UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.08). The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. As a group, equities research analysts predict that UBS Group will post 1.9 earnings per share for the current fiscal year.
UBS Group Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. This is an increase from UBS Group's previous annual dividend of $0.23. UBS Group's payout ratio is presently 14.47%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new stake in UBS Group during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in UBS Group during the fourth quarter worth $30,000. Headlands Technologies LLC bought a new position in shares of UBS Group in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc acquired a new stake in shares of UBS Group in the fourth quarter worth $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in UBS Group during the 4th quarter valued at approximately $41,000.
About UBS Group
(
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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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