UBS Group (NYSE:UBS) Hits New 52-Week High – Still a Buy?

UBS Group AG (NYSE:UBS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.77 and last traded at $46.8050, with a volume of 323933 shares changing hands. The stock had previously closed at $46.43.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Finally, BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Trading Up 0.8%

The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $150.11 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 0.56 and a beta of 1.13. The company’s 50-day moving average is $39.57 and its 200-day moving average is $38.39.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. UBS Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. On average, research analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently added to or reduced their stakes in UBS. Allworth Financial LP lifted its position in UBS Group by 4.2% during the 3rd quarter. Allworth Financial LP now owns 7,115 shares of the bank’s stock valued at $292,000 after purchasing an additional 288 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of UBS Group by 365.8% during the third quarter. CIBC Private Wealth Group LLC now owns 12,133 shares of the bank’s stock worth $497,000 after buying an additional 9,528 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in UBS Group in the third quarter valued at approximately $470,000. Coldstream Capital Management Inc. boosted its stake in UBS Group by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 27,292 shares of the bank’s stock valued at $1,119,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in UBS Group during the 3rd quarter worth $175,000.

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.