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

UBS Group AG (NYSE:UBS) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $35.14 and last traded at $35.06, with a volume of 12849 shares. The stock had previously closed at $35.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBS. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, UBS Group has an average rating of “Moderate Buy”.

UBS Group Stock Performance

The stock has a market capitalization of $113.49 billion, a PE ratio of 29.50 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average of $31.99 and a 200-day moving average of $31.15.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the firm posted ($0.24) EPS. Equities analysts anticipate that UBS Group AG will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of UBS Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commerce Bank increased its holdings in shares of UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after purchasing an additional 346 shares during the period. Rosenberg Matthew Hamilton increased its stake in UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after buying an additional 355 shares during the period. TD Private Client Wealth LLC raised its position in UBS Group by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock worth $396,000 after buying an additional 394 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of UBS Group by 0.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 60,705 shares of the bank’s stock worth $1,876,000 after acquiring an additional 438 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares in the last quarter.

About UBS Group

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.