UBS Group (NYSE:UBS) Reaches New 52-Week High - Here's What Happened

Key Points

• UBS Group shares reached a new 52-week high, trading as high as $55.22 and last changing hands at $54.93, up 0.9% during the session.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $60.30 target price. Ratings include one Strong Buy, four Buys, four Holds and two Sells.
• UBS reported quarterly EPS of $0.87, slightly below the $0.90 estimate, while revenue rose 13.2% year over year to $13.35 billion. Institutional investors, including Norges Bank and Deutsche Bank, recently increased or initiated positions.

UBS Group AG (NYSE:UBS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.22 and last traded at $54.93, with a volume of 962001 shares changing hands. The stock had previously closed at $54.90.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBS. Keefe, Bruyette & Woods cut UBS Group from a "hold" rating to a "moderate sell" rating in a report on Friday, June 19th. Wall Street Zen lowered shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, June 29th. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Monday, July 20th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $60.30.

UBS Group Stock Up 0.9%

The company has a debt-to-equity ratio of 3.84, a current ratio of 1.02 and a quick ratio of 1.19. The stock has a market cap of $172.97 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18. The firm has a 50 day simple moving average of $52.44 and a two-hundred day simple moving average of $46.31.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same period last year, the company earned $0.72 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that UBS Group AG will post 3.61 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in UBS Group during the fourth quarter worth about $4,889,413,000. Fisher Asset Management LLC raised its position 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 purchasing an additional 2,938,827 shares during the period. Deutsche Bank AG raised its position in shares of UBS Group by 19.1% during the fourth quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank's stock worth $1,371,044,000 after purchasing an additional 4,744,982 shares during the period. Legal & General Group Plc lifted its holdings in shares of UBS Group by 0.9% during the 4th quarter. Legal & General Group Plc now owns 23,611,119 shares of the bank's stock valued at $1,101,502,000 after purchasing an additional 207,752 shares in the last quarter. Finally, Amundi lifted its holdings in shares of UBS Group by 16.9% during the 1st quarter. Amundi now owns 23,294,847 shares of the bank's stock valued at $910,130,000 after purchasing an additional 3,374,516 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.

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