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

by · The Cerbat Gem

UBS Group AG (NYSE:UBS – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $32.88 and last traded at $32.74, with a volume of 613477 shares traded. The stock had previously closed at $32.39.

Wall Street Analyst Weigh In

UBS has been the subject of several recent analyst reports. Bank of America began coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Get Our Latest Analysis on UBS

UBS Group Stock Up 1.2 %

The firm has a 50-day moving average of $30.82 and a two-hundred day moving average of $30.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $105.11 billion, a PE ratio of 61.68 and a beta of 1.15.

UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company posted $1.88 EPS. On average, equities research analysts forecast that UBS Group AG will post 1.68 EPS for the current year.

Institutional Investors Weigh In On UBS Group

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new stake in shares of UBS Group in the second quarter valued at about $41,000. RFP Financial Group LLC raised its stake in shares of UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC lifted its position in shares of UBS Group by 5,742.3% during the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of UBS Group in the second quarter valued at $50,000.

About UBS Group

(Get Free Report)

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.

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