UBS Group (NYSE:UBS) Stock Rating Lowered by BNP Paribas

UBS Group (NYSE:UBS) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report released on Monday, Marketbeat Ratings reports.

UBS has been the topic of a number of other research reports. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

UBS Group Trading Up 1.5 %

NYSE:UBS opened at $28.39 on Monday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09. The business’s fifty day moving average price is $29.66 and its 200 day moving average price is $28.27. UBS Group has a 12 month low of $18.71 and a 12 month high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The business had revenue of $10.86 billion for the quarter, compared to analyst estimates of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. UBS Group’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Analysts anticipate that UBS Group will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UBS. Anchor Investment Management LLC acquired a new position in UBS Group during the 4th quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in UBS Group by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after purchasing an additional 512 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of UBS Group during the 1st quarter worth $42,000. Harvest Fund Management Co. Ltd boosted its position in shares of UBS Group by 118.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock worth $46,000 after buying an additional 1,013 shares in the last quarter. Finally, WASHINGTON TRUST Co acquired a new stake in UBS Group in the 3rd quarter valued at about $48,000.

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.