UBS Group (NYSE:UBS) Hits New 1-Year High – Here’s Why

UBS Group AG (NYSE:UBS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $50.05 and last traded at $49.6070, with a volume of 386995 shares. The stock had previously closed at $48.97.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.30.

UBS Group Trading Up 1.3%

The company’s 50 day simple moving average is $44.69 and its two-hundred day simple moving average is $43.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a market cap of $154.99 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.84 and a beta of 1.19.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. As a group, sell-side analysts anticipate that UBS Group AG will post 3.27 EPS for the current fiscal year.

Institutional Trading of UBS Group

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in UBS Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock valued at $6,423,207,000 after acquiring an additional 1,758,287 shares in the last quarter. Norges Bank purchased a new position in shares of UBS Group during the fourth quarter worth approximately $4,889,413,000. Fisher Asset Management LLC grew its position in shares of UBS Group by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after acquiring an additional 2,938,827 shares during the last quarter. Wellington Management Group LLP grew its position in shares of UBS Group by 254.9% during the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock worth $2,601,589,000 after acquiring an additional 45,731,061 shares during the last quarter. Finally, Capital World Investors grew its position in shares of UBS Group by 1.0% during the third quarter. Capital World Investors now owns 37,343,504 shares of the bank’s stock worth $1,525,163,000 after acquiring an additional 386,264 shares during the last quarter.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.