UBS Group AG (NYSE:UBS) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company.
A number of equities research analysts have commented on UBS shares. FIG Partners downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Keefe, Bruyette & Woods downgraded UBS Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 26th. Finally, Zacks Investment Research downgraded UBS Group from a “hold” rating to a “sell” rating in a research note on Monday, May 6th.
UBS Group stock traded down $0.08 during midday trading on Tuesday, reaching $11.58. The company’s stock had a trading volume of 84,823 shares, compared to its average volume of 2,358,085. UBS Group has a fifty-two week low of $11.32 and a fifty-two week high of $16.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.62. The company’s 50 day simple moving average is $11.82. The company has a market capitalization of $44.86 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.44 and a beta of 1.25.
Several large investors have recently added to or reduced their stakes in UBS. Norges Bank acquired a new position in shares of UBS Group during the 4th quarter worth $1,173,773,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of UBS Group by 64.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,372,544 shares of the bank’s stock worth $367,810,000 after buying an additional 11,893,142 shares during the last quarter. FMR LLC raised its stake in shares of UBS Group by 16.2% during the 4th quarter. FMR LLC now owns 42,708,454 shares of the bank’s stock worth $530,359,000 after buying an additional 5,966,426 shares during the last quarter. Deutsche Bank AG raised its stake in shares of UBS Group by 19.5% during the 4th quarter. Deutsche Bank AG now owns 31,318,530 shares of the bank’s stock worth $387,716,000 after buying an additional 5,111,340 shares during the last quarter. Finally, Lancaster Investment Management LLP acquired a new position in shares of UBS Group during the 4th quarter worth $57,901,000. 30.48% of the stock is owned by institutional investors and hedge funds.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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