UBS Group (NYSE:UBS) Shares Gap Down to $31.40

UBS Group AG (NYSE:UBS) shares gapped down before the market opened on Thursday . The stock had previously closed at $31.40, but opened at $30.49. UBS Group shares last traded at $30.64, with a volume of 371,819 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on UBS shares. StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Finally, Bank of America downgraded UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, UBS Group currently has a consensus rating of “Moderate Buy”.

UBS Group Trading Down 2.3 %

The company has a market cap of $106.77 billion, a PE ratio of 3.42, a PEG ratio of 3.75 and a beta of 1.14. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.10 and a quick ratio of 1.23. The firm’s 50 day moving average is $29.39 and its 200 day moving average is $27.64.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.53%. The company had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that UBS Group AG will post 1.06 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.228 per share. The ex-dividend date is Wednesday, May 1st. This is a positive change from UBS Group’s previous annual dividend of $0.18. This represents a yield of 0.82%. UBS Group’s payout ratio is presently 2.45%.

Institutional Investors Weigh In On UBS Group

A number of hedge funds have recently made changes to their positions in UBS. Anchor Investment Management LLC bought a new stake in shares of UBS Group in the 4th quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after acquiring an additional 512 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of UBS Group in the 2nd quarter worth approximately $41,000. Harvest Fund Management Co. Ltd lifted its holdings 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 acquiring an additional 1,013 shares during the last quarter. Finally, First Manhattan Co. bought a new stake in shares of UBS Group in the 4th quarter worth approximately $47,000.

About UBS Group

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.