UBS Group (UBS) Upgraded at Zacks Investment Research
According to Zacks, “Shares of UBS Group AG have underperformed the industry on the NYSE over the past six months. First-quarter 2019 results were impacted by decline in net fee and commission income and interest income, partially offset by lower expenses. Considerable portion of the company's earnings continues to be affected by appreciation of the Swiss franc against other currencies. Also, its net interest income remains under pressure due to persistent negative interest rates in the domestic economy. Additionally, a strict regulatory framework is likely to keep costs elevated and impact profitability. Further, unsustainable capital deployment activities keep us apprehensive. However, the company remains focused on building capital levels, global expansion and executing restructuring initiatives. Also, its cost saving plans will aid in bottom-line growth.”
A number of other equities analysts also recently commented on UBS. Keefe, Bruyette & Woods downgraded UBS Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 26th. FIG Partners downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Credit Suisse Group restated an “outperform” rating on shares of UBS Group in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. UBS Group currently has an average rating of “Hold”.
UBS Group (NYSE:UBS) last issued its earnings results on Thursday, April 25th. The bank reported $0.30 EPS for the quarter. UBS Group had a return on equity of 8.57% and a net margin of 12.50%. The company had revenue of $5.71 billion during the quarter. Analysts expect that UBS Group will post 1.36 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of UBS. Norges Bank acquired a new position in shares of UBS Group during the fourth quarter worth approximately $1,173,773,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of UBS Group by 64.4% during the first 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 period. FMR LLC boosted its position in shares of UBS Group by 16.2% during the fourth 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 period. Canada Pension Plan Investment Board boosted its position in shares of UBS Group by 61.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,596,612 shares of the bank’s stock worth $181,147,000 after buying an additional 5,568,387 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of UBS Group by 19.5% during the fourth 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 period. Institutional investors and hedge funds own 31.42% of the company’s stock.
UBS Group Company Profile
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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