UBS Group (NYSE:UBS) Upgraded at BNP Paribas

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

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

UBS Group Price Performance

Shares of NYSE:UBS opened at $31.42 on Friday. The firm has a 50 day moving average of $31.56 and a 200-day moving average of $30.83. UBS Group has a 12 month low of $26.00 and a 12 month high of $33.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a market capitalization of $100.75 billion, a PE ratio of 26.18 and a beta of 1.14.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate 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 earned ($0.24) earnings per share. On average, equities research analysts predict that UBS Group will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On UBS Group

A number of hedge funds and other institutional investors have recently bought and sold shares of UBS. Versant Capital Management Inc acquired a new stake in shares of UBS Group during the fourth quarter valued at about $40,000. Logan Capital Management Inc. raised its holdings 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 during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in UBS Group during the 3rd quarter worth approximately $391,000. Inspire Trust Co. N.A. grew its holdings in UBS Group by 36.6% during the 3rd 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in UBS Group in the 3rd 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.