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

UBS Group AG (NYSE:UBS) hit a new 52-week high during trading on Thursday . The company traded as high as $32.68 and last traded at $32.68, with a volume of 33816 shares trading hands. The stock had previously closed at $32.50.

Analysts Set New Price Targets

Several research firms recently commented on UBS. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

UBS Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $105.14 billion, a P/E ratio of 61.31 and a beta of 1.15. The firm’s 50 day moving average price is $30.39 and its 200 day moving average price is $30.05.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the business posted $1.88 EPS. As a group, equities research analysts expect that UBS Group AG will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UBS. Vanguard Group Inc. increased its holdings in UBS Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after buying an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after purchasing an additional 5,508,422 shares in the last quarter. Legal & General Group Plc raised its stake in UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Capital World Investors lifted its holdings in UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in UBS Group by 0.9% in the 2nd quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock worth $884,759,000 after purchasing an additional 280,696 shares during the period.

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.