UBS Group (NYSE:UBS) Lowered to Hold Rating by BNP Paribas

BNP Paribas downgraded shares of UBS Group (NYSE:UBS) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Finally, Zacks Research raised UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

UBS Group Trading Down 0.3%

UBS Group stock opened at $37.86 on Tuesday. UBS Group has a 52-week low of $25.75 and a 52-week high of $42.56. The company has a market cap of $121.38 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.66 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The business has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $36.30.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Analysts predict that UBS Group will post 1.9 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in UBS Group during the second quarter valued at approximately $4,878,061,000. Vanguard Group Inc. lifted its position in shares of UBS Group by 3.0% during the second quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock worth $4,595,641,000 after purchasing an additional 3,907,669 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of UBS Group by 21.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock valued at $3,171,497,000 after purchasing an additional 13,417,945 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of UBS Group by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock worth $2,293,986,000 after purchasing an additional 1,363,149 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in UBS Group by 16.9% in the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock worth $1,975,903,000 after buying an additional 8,448,219 shares during the period.

UBS Group Company Profile

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.