UBS Group (NYSE:UBS) Shares Gap Up – Time to Buy?

UBS Group AG (NYSE:UBS) gapped up prior to trading 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.

Analyst Ratings Changes

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

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 stock’s fifty day simple moving average is $31.58 and its 200 day simple moving average is $30.83. The company has a market cap of $100.36 billion, a price-to-earnings ratio of 26.08 and a beta of 1.14.

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

Institutional Investors Weigh In On UBS Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of UBS Group in the 4th quarter valued at $40,000. Benjamin F. Edwards & Company Inc. increased its position in shares of UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group in the 2nd quarter worth approximately $50,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of UBS Group during the 3rd quarter worth approximately $71,000.

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.