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

UBS Group AG (NYSE:UBS) shares hit a new 52-week high during trading on Monday . The company traded as high as $47.45 and last traded at $47.66, with a volume of 15356 shares traded. The stock had previously closed at $47.10.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBS shares. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, UBS Group has an average rating of “Moderate Buy” and a consensus target price of $60.30.

UBS Group Trading Up 1.6%

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. The business has a 50 day moving average price of $41.06 and a 200-day moving average price of $39.31. The firm has a market capitalization of $149.52 billion, a PE ratio of 21.58, a P/E/G ratio of 0.43 and a beta of 1.12.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter last year, the firm earned $0.43 EPS. UBS Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in UBS Group by 4.2% during the 3rd quarter. Allworth Financial LP now owns 7,115 shares of the bank’s stock valued at $292,000 after purchasing an additional 288 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of UBS Group by 365.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 12,133 shares of the bank’s stock worth $497,000 after buying an additional 9,528 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in UBS Group during the third quarter valued at $470,000. Coldstream Capital Management Inc. boosted its holdings in UBS Group by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 27,292 shares of the bank’s stock valued at $1,119,000 after acquiring an additional 1,113 shares during the period. Finally, Advisory Services Network LLC purchased a new position in UBS Group during the 3rd quarter worth $175,000.

About UBS Group

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.