UBS Group (NYSE:UBS) Shares Gap Down to $19.99

UBS Group AG (NYSE:UBS – Get Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $19.99, but opened at $18.15. UBS Group shares last traded at $18.42, with a volume of 2,875,794 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on UBS shares. Credit Suisse Group cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Friday, December 9th. TheStreet cut shares of UBS Group from a “b-” rating to a “c” rating in a research note on Monday. Finally, StockNews.com assumed coverage on shares of UBS Group in a research note on Thursday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold” and a consensus target price of $19.46.

UBS Group Stock Up 2.8 %

The business’s 50 day moving average is $21.21 and its 200-day moving average is $18.34. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $67.02 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.82 and a beta of 1.11.

UBS Group Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 14th. Shareholders of record on Thursday, April 13th will be issued a $0.179 dividend. The ex-dividend date is Wednesday, April 12th. This represents a yield of 0.83%. UBS Group’s payout ratio is currently 7.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in UBS Group by 1.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,123 shares of the bank’s stock valued at $481,000 after purchasing an additional 539 shares in the last quarter. Lingohr & Partner Asset Management GmbH lifted its holdings in UBS Group by 1.9% in the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 33,228 shares of the bank’s stock valued at $527,000 after purchasing an additional 606 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in UBS Group by 5.5% in the 1st quarter. Cresset Asset Management LLC now owns 13,899 shares of the bank’s stock valued at $272,000 after purchasing an additional 721 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in UBS Group by 0.3% in the 4th quarter. Achmea Investment Management B.V. now owns 290,736 shares of the bank’s stock valued at $5,066,000 after purchasing an additional 738 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in UBS Group in the 3rd quarter valued at $784,000. Hedge funds and other institutional investors own 32.88% of the company’s stock.

About UBS Group

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UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, and Group Functions. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.