UBS Group (NYSE:UBS) Shares Gap Down Following Weak Earnings

UBS Group AG (NYSE:UBS)’s share price 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 analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 4.69% and a net margin of 5.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On UBS Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Callan Capital LLC raised its holdings in shares of UBS Group by 4.3% in the 4th quarter. Callan Capital LLC now owns 22,244 shares of the bank’s stock valued at $674,000 after buying an additional 914 shares during the period. Ieq Capital LLC boosted its position in shares of UBS Group by 6.9% during the 4th quarter. Ieq Capital LLC now owns 18,528 shares of the bank’s stock worth $562,000 after acquiring an additional 1,192 shares in the last quarter. Timber Creek Capital Management LLC boosted its position in shares of UBS Group by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after acquiring an additional 311 shares in the last quarter. Allworth Financial LP boosted its position in shares of UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after purchasing an additional 334 shares during the period. Finally, Banque Pictet & Cie SA boosted its position in shares of UBS Group by 0.5% in the 4th quarter. Banque Pictet & Cie SA now owns 677,769 shares of the bank’s stock valued at $20,739,000 after purchasing an additional 3,390 shares during the period.

UBS Group Trading Down 6.7 %

The stock has a market capitalization of $104.55 billion, a price-to-earnings ratio of 27.17 and a beta of 1.16. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50-day moving average of $32.37 and a 200-day moving average of $31.32.

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.