UBS Group (NYSE:UBS) Upgraded at BNP Paribas

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

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

UBS Group Price Performance

Shares of UBS opened at $30.28 on Friday. The firm has a market capitalization of $97.09 billion, a price-to-earnings ratio of 25.23 and a beta of 1.14. The firm’s fifty day simple moving average is $31.58 and its 200-day simple moving average is $30.83. UBS Group has a twelve month low of $26.00 and a twelve 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.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion for 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 quarter in the prior year, the company posted ($0.24) earnings per share. Equities analysts forecast that UBS Group will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of UBS Group during the fourth quarter worth about $40,000. Continuum Advisory LLC raised its stake in shares of UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after purchasing an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings 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. Ashton Thomas Private Wealth LLC purchased a new position in UBS Group during the second quarter worth about $50,000. Finally, FSC Wealth Advisors LLC acquired a new stake in UBS Group in the third quarter valued at 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.