UBS Group AG (NYSE:UBS – Get Free Report) gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $34.94, but opened at $32.94. UBS Group shares last traded at $32.63, with a volume of 2,196,391 shares.
The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same quarter in the previous year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis.
Analyst Ratings Changes
UBS has been the topic of several analyst reports. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, UBS Group has an average rating of “Moderate Buy”.
Hedge Funds Weigh In On UBS Group
Large investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of UBS Group in the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new position in shares of UBS Group during the fourth quarter valued at $40,000. Continuum Advisory LLC grew its position in shares of UBS Group by 41.6% during 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 during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of UBS Group in the 3rd quarter worth about $71,000. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after acquiring an additional 355 shares during the period.
UBS Group Stock Performance
The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The company’s 50-day moving average is $32.42 and its two-hundred day moving average is $31.35. The stock has a market capitalization of $103.99 billion, a P/E ratio of 27.03 and a beta of 1.16.
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.
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