UBS Group (NYSE:UBS) Hits New 1-Year High - Here's What Happened

UBS Group AG (NYSE:UBS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.00 and last traded at $35.78, with a volume of 695355 shares trading hands. The stock had previously closed at $35.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, UBS Group currently has a consensus rating of "Hold".

UBS Group Stock Performance

The firm's 50 day moving average is $32.66 and its two-hundred day moving average is $32.16. The stock has a market capitalization of $114.53 billion, a PE ratio of 23.66, a P/E/G ratio of 0.94 and a beta of 1.15. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. As a group, research analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On UBS Group

Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in shares of UBS Group by 42.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock valued at $91,000 after purchasing an additional 887 shares during the last quarter. Blair William & Co. IL increased its position in shares of UBS Group by 11.5% in the 4th quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock valued at $242,000 after purchasing an additional 823 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after purchasing an additional 482 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of UBS Group in the 4th quarter valued at $396,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of UBS Group by 3.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,302 shares of the bank's stock valued at $531,000 after buying an additional 527 shares in 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.