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

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

Analysts Set New Price Targets

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

UBS Group Trading Down 0.5 %

The stock has a market capitalization of $113.56 billion, a P/E ratio of 29.51 and a beta of 1.15. The stock 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 quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period last year, the company earned ($0.24) EPS. On average, research analysts forecast that UBS Group AG will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On UBS Group

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of UBS Group by 226.8% during the second quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock valued at $825,000 after purchasing an additional 19,382 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of UBS Group by 17.1% during the second quarter. NewEdge Advisors LLC now owns 52,792 shares of the bank’s stock valued at $1,559,000 after purchasing an additional 7,711 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of UBS Group by 14.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,025 shares of the bank’s stock valued at $857,000 after purchasing an additional 3,762 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UBS Group during the second quarter valued at approximately $189,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of UBS Group during the second quarter valued at approximately $724,000.

UBS Group Company Profile

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.