UBS Group (NYSE:UBS) Sets New 52-Week High - Here's What Happened

Key Points

• UBS Group's stock price hit a new 52-week high at $39.18 during trading, up from a previous close of $38.04.
• Recent analyst ratings for UBS include upgrades from DZ Bank and Jefferies, with the current consensus rating being "Hold."
• For the last quarter, UBS reported earnings per share of $0.72, exceeding analyst estimates of $0.70, with significant revenue growth amounting to $11.55 billion.

UBS Group AG (NYSE:UBS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.18 and last traded at $39.14, with a volume of 56597 shares trading hands. The stock had previously closed at $38.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UBS shares. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Two research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

UBS Group Price Performance

The stock has a fifty day moving average price of $34.50 and a 200-day moving average price of $32.83. The firm has a market capitalization of $124.90 billion, a PE ratio of 20.61, a P/E/G ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new position in UBS Group during the 2nd quarter worth $4,055,000. Prospera Financial Services Inc lifted its position in UBS Group by 1.7% during the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank's stock worth $623,000 after acquiring an additional 310 shares during the period. Fox Run Management L.L.C. acquired a new stake in UBS Group during the 2nd quarter worth about $290,000. Metis Global Partners LLC lifted its holdings in shares of UBS Group by 8.0% in the 2nd quarter. Metis Global Partners LLC now owns 106,313 shares of the bank's stock valued at $3,598,000 after buying an additional 7,833 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of UBS Group by 13.4% in the 2nd quarter. Savant Capital LLC now owns 9,831 shares of the bank's stock valued at $332,000 after buying an additional 1,158 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.

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