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

Key Points

• UBS Group AG has reached a new 52-week high, trading at $42.44, with trading volume exceeding 1.19 million shares.
• The stock has received mixed ratings from analysts, with two giving a Strong Buy rating and others offering neutral, buy, and sell ratings.
• In its last quarterly earnings report, UBS Group reported EPS of $0.72, surpassing expectations of $0.70, and generated revenue of $11.55 billion, well above the forecast of $9.77 billion.

UBS Group AG (NYSE:UBS - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.44 and last traded at $42.38, with a volume of 1196643 shares trading hands. The stock had previously closed at $42.29.

Analysts Set New Price Targets

UBS has been the subject of a number of recent research reports. Wedbush reiterated a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research note on Saturday. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

UBS Group Stock Up 0.2%

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 has a market capitalization of $135.89 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.72 and a beta of 1.21. The business's fifty day moving average price is $39.25 and its 200 day moving average price is $34.24.

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 company had revenue of $11.55 billion for the quarter, compared to analysts' expectations 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 previous year, the company posted $0.34 EPS. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Institutional Investors Weigh In On UBS Group

Several institutional investors and hedge funds have recently made changes to their positions in UBS. Coldstream Capital Management Inc. grew its holdings in shares of UBS Group by 1.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank's stock worth $885,000 after purchasing an additional 290 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in UBS Group by 1.7% during the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank's stock valued at $623,000 after purchasing an additional 310 shares during the last quarter. Keel Point LLC lifted its holdings in UBS Group by 3.8% during the 2nd quarter. Keel Point LLC now owns 9,488 shares of the bank's stock valued at $321,000 after purchasing an additional 346 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in UBS Group by 4.3% during the 2nd 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 last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in UBS Group by 1.7% during the 1st 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 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.

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