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

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

Analyst Upgrades and Downgrades

UBS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Stock Up 1.3%

The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The firm has a market cap of $154.99 billion, a PE ratio of 17.78, a PEG ratio of 0.84 and a beta of 1.19. The stock has a fifty day moving average price of $44.69 and a 200-day moving average price of $43.49.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.16 billion. Research analysts expect that UBS Group AG will post 3.27 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new stake in shares of UBS Group in the first quarter worth $25,000. MidFirst Bank acquired a new stake in UBS Group in the fourth quarter valued at $30,000. Robinswood Financial LLC acquired a new stake in UBS Group in the first quarter valued at $31,000. Navalign LLC acquired a new stake in UBS Group in the fourth quarter valued at $32,000. Finally, Larson Financial Group LLC raised its holdings in UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after acquiring an additional 445 shares in 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.