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

Shares of UBS Group AG (NYSE:UBS) 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 trading hands. The stock had previously closed at $35.00.

Wall Street Analysts Forecast Growth

UBS has been the subject of several recent analyst reports. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

The firm’s fifty day moving average is $31.84 and its two-hundred day moving average is $31.09. The company has a market cap of $112.26 billion, a P/E ratio of 29.19 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new position in shares of UBS Group during the 4th quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group during the 4th quarter valued at about $40,000. Continuum Advisory LLC raised its position in shares of UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after buying an additional 450 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of UBS Group during the 3rd quarter valued at about $71,000.

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.