UBS Group (NYSE:UBS) Sets New 52-Week High – Time to Buy?

UBS Group AG (NYSE:UBS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.92 and last traded at $32.92, with a volume of 1149094 shares changing hands. The stock had previously closed at $31.73.

Analysts Set New Price Targets

Several analysts recently issued reports on UBS shares. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America assumed coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UBS Group Price Performance

The company’s 50-day simple moving average is $30.93 and its 200 day simple moving average is $30.30. The company has a market capitalization of $105.86 billion, a P/E ratio of 27.51 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the business earned ($0.24) earnings per share. As a group, sell-side analysts expect that UBS Group AG will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of UBS Group

Several hedge funds have recently added to or reduced their stakes in UBS. M&G Plc acquired a new position in shares of UBS Group in the first quarter valued at $173,678,000. O Shaughnessy Asset Management LLC grew its stake in shares of UBS Group by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock valued at $15,246,000 after purchasing an additional 40,911 shares during the period. Toronto Dominion Bank raised its holdings in shares of UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after buying an additional 201,809 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of UBS Group in the 1st quarter worth approximately $4,318,000. Finally, Legal & General Group Plc lifted its position in shares of 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 worth $1,218,317,000 after buying an additional 41,027,134 shares during the period.

UBS Group Company Profile

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.