UBS Group (NYSE:UBS) Cut to “Neutral” at BNP Paribas

BNP Paribas lowered shares of UBS Group (NYSE:UBSGet Rating) from an outperform rating to a neutral rating in a report published on Monday, Marketbeat.com reports. They currently have $17.50 price objective on the bank’s stock.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada upped their price objective on UBS Group from CHF 20 to CHF 21 in a report on Thursday, April 28th. Morgan Stanley increased their price target on shares of UBS Group from CHF 21 to CHF 22 and gave the company an equal weight rating in a research report on Wednesday, April 27th. The Goldman Sachs Group assumed coverage on shares of UBS Group in a research note on Wednesday, March 30th. They issued a buy rating for the company. Barclays decreased their target price on shares of UBS Group from CHF 19 to CHF 18 and set an equal weight rating on the stock in a research report on Wednesday, April 27th. Finally, Exane BNP Paribas lowered shares of UBS Group from an outperform rating to a neutral rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $19.37.

Shares of UBS opened at $16.11 on Monday. The stock has a 50 day moving average of $17.44 and a 200 day moving average of $18.25. The company has a market capitalization of $56.06 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.92 and a beta of 1.17. UBS Group has a 12 month low of $14.42 and a 12 month high of $21.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.43.

UBS Group (NYSE:UBSGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $9.38 billion during the quarter, compared to analyst estimates of $8.97 billion. UBS Group had a return on equity of 12.96% and a net margin of 18.88%. During the same period last year, the company earned $0.49 earnings per share. As a group, equities research analysts predict that UBS Group will post 2.24 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of UBS Group during the fourth quarter valued at approximately $2,957,133,000. Massachusetts Financial Services Co. MA increased its position in UBS Group by 4.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 143,533,454 shares of the bank’s stock valued at $2,804,644,000 after buying an additional 6,510,874 shares in the last quarter. Dodge & Cox raised its stake in UBS Group by 3.9% during the fourth quarter. Dodge & Cox now owns 104,116,642 shares of the bank’s stock valued at $1,868,695,000 after buying an additional 3,922,400 shares during the last quarter. Wellington Management Group LLP boosted its holdings in UBS Group by 36.5% in the first quarter. Wellington Management Group LLP now owns 58,318,128 shares of the bank’s stock worth $1,149,886,000 after acquiring an additional 15,584,492 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 1.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,224,430 shares of the bank’s stock worth $767,078,000 after acquiring an additional 548,440 shares during the last quarter. Institutional investors own 39.72% of the company’s stock.

UBS Group Company Profile (Get Rating)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.

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Analyst Recommendations for UBS Group (NYSE:UBS)

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