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

Key Points

• UBS Group's share price reached a new 52-week high of $41.71, closing at $41.53 with a trading volume of 172,727 shares.
• Analysts have varying ratings for UBS, with two Strong Buy, five Buy, four Hold, and one Sell rating, leading to a moderate overall rating of "Moderate Buy."
• In its latest earnings report, UBS Group beaten estimates with $0.72 earnings per share and reported revenue of $11.55 billion, surpassing expectations significantly.

UBS Group AG (NYSE:UBS - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $41.71 and last traded at $41.53, with a volume of 172727 shares traded. The stock had previously closed at $41.32.

Analyst Upgrades and Downgrades

UBS has been the subject of several analyst reports. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, UBS Group has an average rating of "Moderate Buy".

UBS Group Stock Performance

The stock has a 50-day simple moving average of $39.12 and a 200-day simple moving average of $34.18. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $135.54 billion, a PE ratio of 22.37, a P/E/G ratio of 0.71 and a beta of 1.21.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in UBS Group in the 2nd quarter valued at $4,878,061,000. Vanguard Group Inc. boosted its position in shares of UBS Group by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank's stock worth $4,595,641,000 after acquiring an additional 3,907,669 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in UBS Group by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank's stock valued at $2,293,986,000 after buying an additional 1,363,149 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of UBS Group by 16.9% during the second quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank's stock valued at $1,975,903,000 after acquiring an additional 8,448,219 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after acquiring an additional 4,207,140 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.