UBS Group (NYSE:UBS) Reaches New 52-Week High - Here's Why

Key Points

• UBS Group AG shares reached a new 52-week high at $40.58 during trading, reflecting investor optimism and increased trading volume of 218,617 shares.
• Analysts have given UBS a mixed rating outlook, with two rating it a strong buy, five a buy, and one a sell, resulting in an average rating of "Moderate Buy."
• The bank reported strong earnings for the last quarter, with $0.72 EPS surpassing the expected $0.70, along with revenue of $11.55 billion, exceeding predictions by nearly $2 billion.

Shares of UBS Group AG (NYSE:UBS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.58 and last traded at $40.52, with a volume of 218617 shares. The stock had previously closed at $40.16.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research reports. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

UBS Group Trading Up 1.2%

The stock's fifty day moving average price is $36.71 and its 200 day moving average price is $33.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $130.36 billion, a PE ratio of 21.51, a PEG ratio of 0.71 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the company posted $0.34 earnings per share. On average, sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

Institutional Investors Weigh In On UBS Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. City Holding Co. purchased a new stake in UBS Group in the first quarter worth approximately $25,000. Maseco LLP purchased a new position in shares of UBS Group during the 2nd quarter worth $28,000. Grove Bank & Trust bought a new stake in shares of UBS Group during the 1st quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of UBS Group in the 2nd quarter worth $33,000. Finally, Westside Investment Management Inc. raised its holdings in UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank's stock worth $38,000 after purchasing an additional 958 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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