UBS Group (NYSE:UBS) Shares Gap Up After Strong Earnings

UBS Group AG (NYSE:UBS) shares gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $29.25, but opened at $30.55. UBS Group shares last traded at $30.64, with a volume of 1,360,268 shares traded.

The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. During the same period in the prior year, the business posted $1.88 earnings per share.

Wall Street Analyst Weigh In

UBS has been the topic of a number of recent analyst reports. BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup lowered shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of UBS Group during the first quarter worth about $42,000. Nisa Investment Advisors LLC acquired a new stake in UBS Group in the 2nd quarter worth approximately $41,000. RFP Financial Group LLC grew its position in UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC increased its stake in UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of UBS Group by 91.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after buying an additional 736 shares during the last quarter.

UBS Group Trading Up 0.3 %

The firm has a market cap of $96.93 billion, a PE ratio of 3.28 and a beta of 1.16. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $30.17 and its 200-day simple moving average is $29.74.

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.