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

UBS Group AG (NYSE:UBS)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $33.85, but opened at $32.87. UBS Group shares last traded at $32.98, with a volume of 371,163 shares traded.

Wall Street Analyst Weigh In

Several 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, January 3rd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

UBS Group Trading Down 2.0 %

The company has a market capitalization of $106.36 billion, a PE ratio of 21.79 and a beta of 1.15. The stock has a fifty day moving average of $33.65 and a two-hundred day moving average of $32.08. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group’s dividend payout ratio is presently 19.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Berbice Capital Management LLC bought a new position in UBS Group during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. bought a new position in shares of UBS Group in the fourth quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in shares of UBS Group in the fourth quarter worth $33,000. Versant Capital Management Inc purchased a new position in shares of UBS Group in the fourth quarter worth $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in UBS Group during the 4th quarter valued at $41,000.

About UBS Group

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.