UBS Group (NYSE:UBS) Shares Gap Up – What’s Next?

UBS Group AG (NYSE:UBS)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $30.28, but opened at $31.59. UBS Group shares last traded at $31.54, with a volume of 360,090 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. Finally, StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $100.75 billion, a PE ratio of 26.18 and a beta of 1.14. The company has a 50-day moving average of $31.56 and a two-hundred day moving average of $30.83.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the company earned ($0.24) earnings per share. Sell-side analysts predict that UBS Group AG will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in UBS Group during the fourth quarter worth about $40,000. Continuum Advisory LLC increased its position in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after acquiring an additional 450 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group during the 2nd quarter valued at $50,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of UBS Group during the third quarter worth about $71,000.

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.