BNP Paribas Upgrades UBS Group (NYSE:UBS) to Outperform

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

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

UBS Group Stock Up 3.8 %

Shares of UBS stock opened at $31.42 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 12 month low of $26.00 and a 12 month high of $33.34. The stock 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 50 day simple moving average of $31.56 and a two-hundred day simple moving average of $30.83.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period in the prior year, the business posted ($0.24) EPS. On average, research analysts expect that UBS Group will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in UBS Group during the 4th quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. raised its stake in UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares in the last quarter. Continuum Advisory LLC lifted its position in UBS Group by 41.6% during 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 last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of UBS Group in the 2nd quarter worth $50,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of UBS Group in 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.