UBS Group (NYSE:UBS) Upgraded by BNP Paribas to Outperform Rating

BNP Paribas upgraded shares of UBS Group (NYSE:UBS) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning,Benzinga reports.

Several other equities analysts have also commented on the stock. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 3.8 %

NYSE UBS opened at $31.42 on Friday. The company has a market cap of $100.75 billion, a price-to-earnings ratio of 26.18 and a beta of 1.14. UBS Group has a 1-year low of $26.00 and a 1-year 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 company has a 50 day moving average of $31.58 and a 200-day moving average of $30.83.

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

Hedge Funds Weigh In On UBS Group

Several large investors have recently bought and sold shares of UBS. Versant Capital Management Inc bought a new position in UBS Group during the 4th quarter worth $40,000. Continuum Advisory LLC increased its stake in shares of 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 buying an additional 450 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after acquiring an additional 1,416 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group in the second quarter worth approximately $50,000. Finally, FSC Wealth Advisors LLC bought a new stake in UBS Group in the third quarter valued at approximately $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.