UBS Group (NYSE:UBS) Upgraded to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of UBS Group (NYSE:UBS) from a neutral rating to an outperform rating in a report published on Friday morning, Marketbeat.com reports.

A number of other analysts also recently weighed in on the company. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

UBS Group stock opened at $31.42 on Friday. The stock’s 50 day moving average is $31.56 and its 200 day moving average is $30.83. UBS Group has a one year low of $26.00 and a one year high of $33.34. The firm has a market cap of $100.75 billion, a P/E ratio of 26.18 and a beta of 1.14. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, research analysts expect that UBS Group will post 1.73 EPS for the current year.

Institutional Investors Weigh In On UBS Group

A number of large investors have recently bought and sold shares of UBS. Versant Capital Management Inc bought a new position in shares of UBS Group during the 4th quarter worth about $40,000. Logan Capital Management Inc. increased its position in UBS Group by 4.2% in the 3rd quarter. Logan Capital Management Inc. now owns 88,025 shares of the bank’s stock valued at $2,721,000 after buying an additional 3,540 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in UBS Group during the 3rd quarter worth approximately $391,000. Inspire Trust Co. N.A. boosted its holdings in UBS Group by 36.6% in the third quarter. Inspire Trust Co. N.A. now owns 104,417 shares of the bank’s stock worth $3,228,000 after acquiring an additional 28,000 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in UBS Group in the third quarter valued at approximately $365,000.

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.