UBS Group (NYSE:UBS) Shares Gap Down - Here's What Happened

Shares of UBS Group AG (NYSE:UBS - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $33.85, but opened at $32.87. UBS Group shares last traded at $32.98, with a volume of 371,163 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised UBS Group from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Morgan Stanley lowered UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, BNP Paribas upgraded shares of UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold".

UBS Group Stock Performance

The firm has a 50 day moving average price of $33.68 and a 200-day moving average price of $32.15. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of $104.96 billion, a PE ratio of 21.54 and a beta of 1.15.

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UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.90 billion. During the same period last year, the company earned ($0.09) earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. Research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This is an increase from UBS Group's previous annual dividend of $0.23. This represents a yield of 2.1%. The ex-dividend date is Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is currently 19.08%.

Hedge Funds Weigh In On UBS Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Berbice Capital Management LLC purchased a new position in UBS Group during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new stake in shares of UBS Group during the 4th quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in shares of UBS Group during the 4th quarter valued at approximately $33,000. Versant Capital Management Inc acquired a new position in shares of UBS Group in the 4th quarter valued at $40,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of UBS Group in the 4th quarter valued at $41,000.

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.