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

Key Points

• UBS Group's stock reached a new 52-week high at $39.76, with a last trading price of $39.77 and a volume of 443,099 shares.
• In recent analyst ratings, UBS Group received mixed feedback; with two analysts rating the stock as a sell and four as a hold, while also receiving five buy ratings and one strong buy rating.
• The bank surpassed quarterly earnings expectations with an EPS of $0.72 and revenues of $11.55 billion, indicating strong financial performance and an anticipated EPS of 1.9 for the current fiscal year.

UBS Group AG (NYSE:UBS - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $39.76 and last traded at $39.77, with a volume of 443099 shares changing hands. The stock had previously closed at $39.65.

Wall Street Analysts Forecast Growth

UBS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Finally, Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

UBS Group Stock Performance

The company has a market cap of $127.28 billion, a PE ratio of 21.00, a P/E/G ratio of 0.70 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm's 50-day simple moving average is $35.19 and its two-hundred day simple moving average is $32.98.

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

Institutional Trading of UBS Group

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its holdings in shares of 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 in the last quarter. Prospera Financial Services Inc grew its holdings in shares of UBS Group by 1.7% during the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank's stock worth $623,000 after buying an additional 310 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of UBS Group by 0.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after purchasing an additional 320 shares during the period. Werba Rubin Papier Wealth Management grew its holdings in shares of UBS Group by 4.3% in the second quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank's stock valued at $284,000 after purchasing an additional 347 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of UBS Group by 1.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock valued at $640,000 after purchasing an additional 358 shares during the period.

About UBS Group

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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