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

UBS Group AG (NYSE:UBS - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $32.85, but opened at $34.09. UBS Group shares last traded at $34.00, with a volume of 2,548,840 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on UBS shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Wedbush reiterated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Morgan Stanley cut UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

UBS Group Price Performance

The company has a fifty day moving average of $30.32 and a 200-day moving average of $31.88. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The stock has a market cap of $108.93 billion, a PE ratio of 22.34 and a beta of 1.16.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. Sell-side analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On UBS Group

Large investors have recently modified their holdings of the company. City Holding Co. acquired a new stake in UBS Group in the first quarter valued at $25,000. Grove Bank & Trust purchased a new position in UBS Group in the first quarter valued at approximately $28,000. Rakuten Securities Inc. acquired a new stake in UBS Group during the fourth quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in shares of UBS Group during the 4th quarter worth approximately $33,000. Finally, Quarry LP acquired a new position in shares of UBS Group in the 1st quarter valued at $37,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.