UBS Group (NYSE:UBS) Sets New 52-Week High - What's Next?

Shares of UBS Group AG (NYSE:UBS - Get Free Report) 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. The stock had previously closed at $35.17.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBS. Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

UBS Group Price Performance

The firm has a 50 day moving average of $32.44 and a 200-day moving average of $32.08. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72. The company has a market cap of $115.80 billion, a P/E ratio of 23.92, a P/E/G ratio of 0.92 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. On average, equities research analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings 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 worth $91,000 after buying an additional 887 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in UBS Group by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 259,326 shares of the bank's stock worth $7,863,000 after acquiring an additional 39,284 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in UBS Group during the fourth quarter worth approximately $396,000. Raymond James Financial Inc. purchased a new stake in UBS Group during the fourth quarter valued at approximately $31,449,000. Finally, Independent Advisor Alliance raised its position in UBS Group by 0.4% during the fourth quarter. Independent Advisor Alliance now owns 85,975 shares of the bank's stock valued at $2,607,000 after purchasing an additional 339 shares during the period.

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.