UBS Group (NYSE:UBS) Rating Increased to Outperform at BNP Paribas

UBS Group (NYSE:UBS) was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report issued on Friday,Benzinga reports.

Other equities analysts have also recently issued reports about the company. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America started coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Trading Down 0.1 %

Shares of UBS stock opened at $30.28 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group has a twelve month low of $26.00 and a twelve month high of $33.34. The company’s 50-day moving average price is $31.58 and its 200-day moving average price is $30.83. The stock has a market cap of $97.09 billion, a price-to-earnings ratio of 25.23 and a beta of 1.14.

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

Institutional Investors Weigh In On UBS Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in UBS Group in the 4th quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares in the last quarter. Continuum Advisory LLC boosted its holdings in UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in UBS Group during the 2nd quarter worth $50,000. Finally, FSC Wealth Advisors LLC purchased a new stake in UBS Group during the 3rd quarter worth about $71,000.

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.