UBS Group (NYSE:UBS) Reaches New 12-Month High – Here’s Why

UBS Group AG (NYSE:UBS)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.13 and last traded at $32.02, with a volume of 2080067 shares changing hands. The stock had previously closed at $31.61.

Analysts Set New Price Targets

Several brokerages have recently commented on UBS. Bank of America began coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

UBS Group Price Performance

The stock has a market capitalization of $102.67 billion, a price-to-earnings ratio of 60.06 and a beta of 1.15. The company has a fifty day simple moving average of $30.06 and a 200 day simple moving average of $30.03. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same period in the previous year, the firm earned $1.88 earnings per share. Equities research analysts forecast that UBS Group AG will post 1.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UBS. Drive Wealth Management LLC increased its stake in UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after purchasing an additional 349 shares in the last quarter. D Orazio & Associates Inc. raised its stake in UBS Group by 3.5% during the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock worth $346,000 after buying an additional 381 shares during the period. Hexagon Capital Partners LLC boosted its holdings in UBS Group by 11.2% in the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after acquiring an additional 420 shares in the last quarter. Parallel Advisors LLC grew its stake in UBS Group by 2.6% in the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after acquiring an additional 420 shares during the period. Finally, Traveka Wealth LLC increased its holdings in shares of UBS Group by 6.2% during the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock valued at $221,000 after acquiring an additional 435 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.