UBS Group (NYSE:UBS) Sets New 12-Month High at $21.70

UBS Group AG (NYSE:UBS – Get Rating)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.70 and last traded at $21.62, with a volume of 23581 shares changing hands. The stock had previously closed at $21.21.

Analyst Ratings Changes

UBS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on UBS Group from CHF 21 to CHF 22 and gave the company a “buy” rating in a research report on Wednesday, October 26th. Royal Bank of Canada upped their target price on UBS Group from CHF 19 to CHF 20 in a report on Wednesday, October 26th. Credit Suisse Group cut UBS Group from an “outperform” rating to a “neutral” rating in a report on Friday, December 9th. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Thursday, December 8th. Finally, JPMorgan Chase & Co. upped their target price on UBS Group from CHF 20 to CHF 20.70 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.59.

UBS Group Stock Down 1.3 %

The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $73.15 billion, a PE ratio of 9.92, a PEG ratio of 1.46 and a beta of 1.11. The business has a 50 day moving average of $18.89 and a two-hundred day moving average of $16.89.

UBS Group (NYSE:UBS – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.05 billion. UBS Group had a return on equity of 12.55% and a net margin of 17.38%. Analysts predict that UBS Group AG will post 2.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UBS. Mirabella Financial Services LLP acquired a new position in UBS Group during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC increased its position in UBS Group by 151.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,106 shares of the bank’s stock valued at $31,000 after buying an additional 1,267 shares in the last quarter. Penserra Capital Management LLC acquired a new position in UBS Group during the 3rd quarter valued at about $35,000. Guardian Wealth Advisors LLC acquired a new position in UBS Group during the 3rd quarter valued at about $37,000. Finally, Bessemer Group Inc. increased its position in UBS Group by 66.6% during the 3rd quarter. Bessemer Group Inc. now owns 3,456 shares of the bank’s stock valued at $50,000 after buying an additional 1,381 shares in the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

UBS Group Company Profile

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UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.