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

UBS Group AG (NYSE:UBS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $52.28 and last traded at $52.1540, with a volume of 111030 shares changing hands. The stock had previously closed at $51.86.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBS. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Price Performance

The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $162.62 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. The firm’s 50 day simple moving average is $47.99 and its 200 day simple moving average is $44.74.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. As a group, research analysts anticipate that UBS Group AG will post 3.49 EPS for the current fiscal year.

Hedge Funds Weigh In On UBS Group

A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in UBS Group in the fourth quarter worth about $4,889,413,000. Wellington Management Group LLP increased its holdings in UBS Group by 254.9% in the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock worth $2,601,589,000 after buying an additional 45,731,061 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of UBS Group by 6,277.5% during the second quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock worth $821,228,000 after purchasing an additional 16,277,125 shares during the last quarter. Viking Global Investors LP lifted its holdings in shares of UBS Group by 407.5% in the 3rd quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after buying an additional 10,516,148 shares during the period. Finally, Ninety One UK Ltd acquired a new position in UBS Group in the fourth quarter valued at approximately $411,917,000.

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.