UBS Group (NYSE:UBS) Hits New 52-Week High – Here’s What Happened

UBS Group AG (NYSE:UBS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.15 and last traded at $51.0790, with a volume of 232452 shares traded. The stock had previously closed at $50.80.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBS. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, UBS Group has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Up 0.5%

The firm’s 50 day simple moving average is $45.73 and its two-hundred day simple moving average is $43.92. The firm has a market cap of $159.45 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.85 and a beta of 1.19. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. On average, equities analysts forecast that UBS Group AG will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBS. Vanguard Group Inc. grew its position in UBS Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock valued at $6,423,207,000 after acquiring an additional 1,758,287 shares during the last quarter. Norges Bank bought a new stake in shares of UBS Group during the fourth quarter worth $4,889,413,000. Fisher Asset Management LLC increased its holdings in shares of UBS Group by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after buying an additional 2,938,827 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of UBS Group by 254.9% in the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after acquiring an additional 45,731,061 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of UBS Group by 1.0% during the 3rd quarter. Capital World Investors now owns 37,343,504 shares of the bank’s stock valued at $1,525,163,000 after acquiring an additional 386,264 shares in the last quarter.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.