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

Key Points

• UBS Group's stock reached a new 52-week high of $40.93, indicating strong trading activity with a volume of over 1.9 million shares.
• Analysts have varying ratings for UBS Group, with two strong buy ratings, five buy ratings, and a moderate overall rating of "Moderate Buy."
• In their latest earnings report, UBS Group exceeded expectations, posting $0.72 EPS against a consensus estimate of $0.70, with $11.55 billion in revenue compared to the expected $9.77 billion.

Shares of UBS Group AG (NYSE:UBS - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $40.93 and last traded at $40.92, with a volume of 1900652 shares changing hands. The stock had previously closed at $40.11.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UBS shares. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Wall Street Zen cut shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

UBS Group Stock Up 2.0%

The firm has a market cap of $131.21 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. The firm's 50-day moving average price is $38.26 and its 200 day moving average price is $33.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company earned $0.34 EPS. As a group, research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On UBS Group

Hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its holdings in UBS Group by 1.1% during the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank's stock worth $885,000 after buying an additional 290 shares during the last quarter. Prospera Financial Services Inc raised its position in UBS Group by 1.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank's stock valued at $623,000 after buying an additional 310 shares during the last quarter. Keel Point LLC raised its position in UBS Group by 3.8% in the 2nd quarter. Keel Point LLC now owns 9,488 shares of the bank's stock valued at $321,000 after buying an additional 346 shares during the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of UBS Group by 4.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank's stock worth $284,000 after purchasing an additional 347 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of UBS Group by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock worth $640,000 after purchasing an additional 358 shares during the last quarter.

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.

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