UBS Group (NYSE:UBS) Rating Lowered to Neutral at BNP Paribas

BNP Paribas cut shares of UBS Group (NYSE:UBSGet Rating) from an outperform rating to a neutral rating in a research note published on Monday morning, Marketbeat Ratings reports. The firm currently has $17.50 target price on the bank’s stock.

UBS has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on shares of UBS Group in a report on Wednesday, March 30th. They set a buy rating for the company. Morgan Stanley increased their price objective on shares of UBS Group from CHF 21 to CHF 22 and gave the company an equal weight rating in a report on Wednesday, April 27th. Royal Bank of Canada increased their price objective on shares of UBS Group from CHF 20 to CHF 21 in a report on Thursday, April 28th. StockNews.com raised shares of UBS Group from a hold rating to a buy rating in a report on Tuesday, April 5th. Finally, Exane BNP Paribas lowered shares of UBS Group from an outperform rating to a neutral rating in a report on Monday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, UBS Group presently has a consensus rating of Moderate Buy and an average price target of $19.37.

NYSE UBS opened at $15.78 on Monday. UBS Group has a 12 month low of $14.42 and a 12 month high of $21.49. The stock has a market cap of $54.91 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.93 and a beta of 1.17. The company’s 50 day moving average is $17.41 and its two-hundred day moving average is $18.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.43.

UBS Group (NYSE:UBSGet Rating) last released its earnings results on Tuesday, April 26th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. UBS Group had a net margin of 18.88% and a return on equity of 12.96%. The company had revenue of $9.38 billion for the quarter, compared to analysts’ expectations of $8.97 billion. During the same quarter last year, the business earned $0.49 EPS. Sell-side analysts forecast that UBS Group will post 2.24 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of UBS Group in the third quarter valued at approximately $2,072,000. Dimensional Fund Advisors LP lifted its holdings in shares of UBS Group by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,790,257 shares of the bank’s stock worth $60,417,000 after acquiring an additional 90,458 shares during the period. Guggenheim Capital LLC raised its stake in shares of UBS Group by 2.7% during the third quarter. Guggenheim Capital LLC now owns 83,156 shares of the bank’s stock valued at $1,325,000 after acquiring an additional 2,154 shares during the last quarter. MML Investors Services LLC grew its holdings in UBS Group by 7.8% in the third quarter. MML Investors Services LLC now owns 72,508 shares of the bank’s stock worth $1,156,000 after purchasing an additional 5,259 shares during the period. Finally, LPL Financial LLC lifted its position in shares of UBS Group by 3.4% during the third quarter. LPL Financial LLC now owns 169,987 shares of the bank’s stock valued at $2,710,000 after purchasing an additional 5,614 shares in the last quarter. Institutional investors and hedge funds own 39.72% of the company’s stock.

About UBS Group (Get Rating)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.

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