UBS Group (NYSE:UBS) Hits New 52-Week Low - Here's What Happened

UBS Group AG (NYSE:UBS - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $29.73 and last traded at $30.21, with a volume of 3889480 shares changing hands. The stock had previously closed at $30.51.

Analyst Upgrades and Downgrades

Several research firms have commented on UBS. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. StockNews.com lowered shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, Kepler Capital Markets raised UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, UBS Group currently has an average rating of "Hold".

UBS Group Stock Up 1.9 %

The company has a market cap of $98.50 billion, a P/E ratio of 20.21 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The business's fifty day moving average is $30.74 and its two-hundred day moving average is $31.88.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. Equities analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were given a dividend of $0.90 per share. This is an increase from UBS Group's previous annual dividend of $0.23. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 2.1%. UBS Group's dividend payout ratio is presently 14.47%.

Institutional Trading of UBS Group

Several institutional investors and hedge funds have recently made changes to their positions in UBS. Norges Bank purchased a new position in UBS Group during the 4th quarter valued at about $5,594,066,000. Vanguard Group Inc. boosted its stake in shares of UBS Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock valued at $3,915,512,000 after purchasing an additional 1,296,428 shares in the last quarter. FMR LLC increased its holdings in UBS Group by 29.4% during the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after buying an additional 12,609,616 shares during the period. Pictet Asset Management Holding SA raised its stake in UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after buying an additional 5,555,624 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock worth $858,359,000 after buying an additional 17,525,749 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.