UBS Group (NYSE:UBS) Shares Gap Up to $11.35

UBS Group AG (NYSE:UBS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $11.10, but opened at $11.35. UBS Group shares last traded at $11.54, with a volume of 3,980,600 shares changing hands.

A number of research firms have recently commented on UBS. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Zacks Investment Research cut UBS Group from a “hold” rating to a “sell” rating and set a $10.00 price objective for the company. in a research report on Monday, July 15th. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Friday, August 30th. Societe Generale cut UBS Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of UBS Group in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. UBS Group has an average rating of “Hold” and a consensus target price of $12.50.

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $42.09 billion, a PE ratio of 8.26 and a beta of 1.22. The company has a 50-day moving average of $11.18 and a 200 day moving average of $11.66.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. UBS Group had a return on equity of 8.07% and a net margin of 14.20%. The firm had revenue of $5.61 billion during the quarter. As a group, equities analysts predict that UBS Group AG will post 1.23 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of UBS. Invesco Ltd. increased its position in shares of UBS Group by 90.9% during the second quarter. Invesco Ltd. now owns 39,129,280 shares of the bank’s stock worth $463,682,000 after purchasing an additional 18,626,664 shares in the last quarter. Brandes Investment Partners LP grew its holdings in UBS Group by 384.7% in the 2nd quarter. Brandes Investment Partners LP now owns 20,796,325 shares of the bank’s stock valued at $246,436,000 after buying an additional 16,505,934 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in UBS Group by 64.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,372,544 shares of the bank’s stock valued at $367,810,000 after buying an additional 11,893,142 shares in the last quarter. Renaissance Technologies LLC grew its holdings in UBS Group by 191.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,960,600 shares of the bank’s stock valued at $58,783,000 after buying an additional 3,256,300 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in UBS Group by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 104,348,674 shares of the bank’s stock valued at $1,236,531,000 after buying an additional 2,984,364 shares in the last quarter. Hedge funds and other institutional investors own 34.31% of the company’s stock.

About UBS Group (NYSE:UBS)

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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