UBS Group (NYSE:UBS) Shares Gap Up – Still a Buy?

Shares of UBS Group AG (NYSE:UBS) gapped up before the market opened on Friday . The stock had previously closed at $30.28, but opened at $31.59. UBS Group shares last traded at $31.54, with a volume of 360,090 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UBS. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday. Finally, Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 3.4 %

The stock has a 50-day moving average of $31.58 and a 200 day moving average of $30.83. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a market cap of $100.36 billion, a PE ratio of 26.08 and a beta of 1.14.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the firm earned ($0.24) EPS. As a group, sell-side analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current year.

Institutional Trading of UBS Group

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UBS Group by 6.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares during the period. Legal & General Group Plc lifted its stake in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Pzena Investment Management LLC boosted its holdings in UBS Group by 2.8% during the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after buying an additional 851,231 shares in the last quarter. Wellington Management Group LLP grew its position in UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after buying an additional 2,307,033 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in UBS Group by 20.3% in the second quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after buying an additional 1,649,115 shares in the last quarter.

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.