UBS Group (NYSE:UBS) Lowered to Neutral at BNP Paribas

Posted by on Jun 20th, 2022

UBS Group (NYSE:UBS – Get Rating) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $17.50 target price on the bank’s stock. BNP Paribas’ price target would suggest a potential upside of 11.39% from the company’s previous close.

UBS has been the subject of a number of other reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 5th. Barclays decreased their price objective on 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. JPMorgan Chase & Co. increased their price objective on UBS Group from CHF 20 to CHF 21 in a research report on Friday, April 1st. The Goldman Sachs Group assumed coverage on UBS Group in a research report on Wednesday, March 30th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada increased their price objective on UBS Group from CHF 20 to CHF 21 in a research report on Thursday, April 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $19.37.

UBS Group stock opened at $15.71 on Monday. The business has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $18.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.43. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth 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.

UBS Group (NYSE:UBS – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm had revenue of $9.38 billion during the quarter, compared to analysts’ expectations of $8.97 billion. UBS Group had a return on equity of 12.96% and a net margin of 18.88%. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, analysts expect that UBS Group will post 2.24 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of UBS. Norges Bank acquired a new stake in UBS Group during the 4th quarter worth $2,957,133,000. Wellington Management Group LLP raised its stake in shares of UBS Group by 36.5% in the 1st quarter. Wellington Management Group LLP now owns 58,318,128 shares of the bank’s stock valued at $1,149,886,000 after purchasing an additional 15,584,492 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of UBS Group in the 1st quarter valued at about $185,285,000. Acadian Asset Management LLC raised its stake in shares of UBS Group by 3,111.3% in the 1st quarter. Acadian Asset Management LLC now owns 9,564,467 shares of the bank’s stock valued at $188,553,000 after purchasing an additional 9,266,627 shares during the period. Finally, Thornburg Investment Management Inc. raised its stake in shares of UBS Group by 14,229.1% in the 4th quarter. Thornburg Investment Management Inc. now owns 8,101,646 shares of the bank’s stock valued at $145,825,000 after purchasing an additional 8,045,106 shares during the period. 39.72% of the stock is currently owned by institutional investors and hedge funds.

About UBS Group (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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