UBS Group (NYSE:UBS) Stock Breaks Above 50 Day Moving Average – Here’s Why

UBS Group AG (NYSE:UBS)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $49.35 and traded as high as $49.59. UBS Group shares last traded at $49.3820, with a volume of 839,859 shares.

More UBS Group News

Investors following UBS have been watching these news items:

• Positive Sentiment: A recent investor-focused report highlighted UBS’s $4.8 billion in share repurchases year to date and $55 billion in Global Wealth Management net inflows—supportive indicators for capital returns and client demand. UBS: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: UBS announced a financial-advisor hire in Connecticut. This may add capacity to its wealth-management business, though the article gives no indication of material near-term financial impact. Kelley Hart joins UBS
• Neutral Sentiment: UBS downgraded Carlyle over weak fund returns and risks to Carlyle’s growth targets. The call concerns Carlyle, not UBS’s own results, so it is not a direct UBS stock catalyst. UBS downgrades Carlyle

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday, July 20th. Wall Street Zen downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. DZ Bank reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research note on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Price Performance

The stock has a market cap of $154.27 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.73 and a beta of 1.19. The firm’s 50-day moving average is $49.35 and its 200 day moving average is $47.18.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The company had revenue of $13.39 billion during the quarter, compared to analyst estimates of $13.07 billion. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that UBS Group AG will post 3.65 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in UBS Group by 43.4% during the third quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after acquiring an additional 7,180,461 shares during the last quarter. Amundi raised its holdings in shares of UBS Group by 16.9% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock worth $910,130,000 after purchasing an additional 3,374,516 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of UBS Group by 7.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock worth $728,340,000 after purchasing an additional 1,323,586 shares during the period. Ninety One UK Ltd raised its holdings in shares of UBS Group by 4.7% in the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock worth $360,437,000 after purchasing an additional 336,264 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of UBS Group by 4.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,676,157 shares of the bank’s stock valued at $322,236,000 after purchasing an additional 270,903 shares in the last quarter.

UBS Group Company Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world. The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.