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

UBS Group AG (NYSE:UBS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $33.77 and last traded at $33.81, with a volume of 31074 shares changing hands. The stock had previously closed at $33.15.

Analyst Ratings Changes

Several research firms have weighed in on UBS. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Bank of America began coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a market capitalization of $109.13 billion, a P/E ratio of 28.36 and a beta of 1.15. The stock has a fifty day moving average of $31.66 and a 200-day moving average of $30.95.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period last year, the company earned ($0.24) earnings per share. On average, research analysts anticipate that UBS Group AG will post 1.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new position in UBS Group in the fourth quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of UBS Group by 566.4% in the second 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 during the last quarter. Continuum Advisory LLC lifted its position in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after buying an additional 450 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of UBS Group in the third quarter valued at approximately $71,000. Finally, Rosenberg Matthew Hamilton lifted its position in shares of UBS Group by 15.6% in the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after buying an additional 355 shares during the last quarter.

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.