UBS Group (NYSE:UBS) Hits New 12-Month High – Here’s Why

UBS Group AG (NYSE:UBS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $35.84 and last traded at $35.66, with a volume of 2071183 shares. The stock had previously closed at $35.72.

Analyst Upgrades and Downgrades

Several research firms have commented on UBS. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

UBS Group Stock Down 0.5 %

The company has a 50 day moving average price of $32.29 and a two-hundred day moving average price of $31.29. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $113.56 billion, a PE ratio of 29.51 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Analysts expect that UBS Group AG will post 1.62 EPS for the current year.

Institutional Trading of UBS Group

Hedge funds have recently bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in UBS Group during the fourth quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in UBS Group during the fourth quarter valued at $40,000. Continuum Advisory LLC increased its position in UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in UBS Group during the third quarter valued at $71,000. Finally, Rosenberg Matthew Hamilton increased its position in UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after acquiring an additional 355 shares during the last quarter.

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.