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

UBS Group AG (NYSE:UBS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $51.15 and last traded at $51.0790, with a volume of 232452 shares changing hands. The stock had previously closed at $50.80.

Analyst Ratings Changes

Several brokerages have weighed in on UBS. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Performance

The company has a 50 day moving average of $46.10 and a two-hundred day moving average of $44.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a market capitalization of $157.23 billion, a PE ratio of 18.04, a PEG ratio of 0.86 and a beta of 1.19.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 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, equities research analysts predict that UBS Group AG will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in UBS Group during the 4th quarter valued at about $4,889,413,000. Wellington Management Group LLP raised its holdings in UBS Group by 254.9% in the third 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 last quarter. Viking Global Investors LP raised its holdings in UBS Group by 407.5% in the third quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock worth $534,852,000 after buying an additional 10,516,148 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of UBS Group in the fourth quarter worth approximately $411,917,000. Finally, Bank of Montreal Can lifted its stake in shares of UBS Group by 248.7% in the third quarter. Bank of Montreal Can now owns 9,325,276 shares of the bank’s stock worth $380,782,000 after buying an additional 6,650,862 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.