UBS Group (NYSE:UBS) Shares Gap Down – Here’s Why

Shares of UBS Group AG (NYSE:UBS) gapped down prior to trading on Wednesday . The stock had previously closed at $31.58, but opened at $30.84. UBS Group shares last traded at $30.97, with a volume of 580,512 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on UBS shares. DZ Bank upgraded shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Morgan Stanley lowered UBS Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Jefferies Financial Group upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 3rd. Bank of America cut shares of UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, UBS Group presently has an average rating of “Hold”.

UBS Group Stock Performance

The firm has a market cap of $98.65 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The stock has a 50-day moving average of $31.17 and a 200-day moving average of $31.91. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. As a group, analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UBS. Allspring Global Investments Holdings LLC boosted its stake in shares of UBS Group by 13.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank’s stock worth $1,307,000 after buying an additional 4,912 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after buying an additional 334 shares during the last quarter. Ieq Capital LLC grew its stake in shares of UBS Group by 6.9% in the fourth quarter. Ieq Capital LLC now owns 18,528 shares of the bank’s stock valued at $562,000 after buying an additional 1,192 shares in the last quarter. Callan Capital LLC increased its holdings in UBS Group by 4.3% during the fourth quarter. Callan Capital LLC now owns 22,244 shares of the bank’s stock worth $674,000 after buying an additional 914 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in UBS Group by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 36,239 shares of the bank’s stock worth $1,099,000 after acquiring an additional 811 shares in the last quarter.

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.