UBS Group (NYSE:UBS) Cut to Underperform at Bank of America

Bank of America lowered shares of UBS Group (NYSE:UBS) from a neutral rating to an underperform rating in a research note published on Thursday morning, MarketBeat Ratings reports.

Other research analysts have also issued reports about the stock. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. StockNews.com cut 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 upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

UBS Group Stock Down 1.1 %

NYSE UBS opened at $31.56 on Thursday. The business’s 50-day moving average is $33.66 and its 200 day moving average is $32.26. The stock has a market capitalization of $101.19 billion, a PE ratio of 20.76 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group has a 1 year low of $26.01 and a 1 year high of $35.84.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. UBS Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts forecast that UBS Group will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. This represents a dividend yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 14.47%.

Institutional Trading of UBS Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Timber Creek Capital Management LLC raised its stake in UBS Group by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock valued at $3,566,000 after buying an additional 311 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of UBS Group by 0.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank’s stock worth $1,998,000 after acquiring an additional 320 shares during the period. Allworth Financial LP increased its position in UBS Group by 6.4% during the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after acquiring an additional 334 shares during the last quarter. Independent Advisor Alliance lifted its holdings in UBS Group by 0.4% in the fourth quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 339 shares during the period. Finally, Lindbrook Capital LLC boosted its position in UBS Group by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock worth $341,000 after purchasing an additional 345 shares during 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.