UBS Group (NYSE:UBS) Sets New 52-Week High – Should You Buy?

UBS Group AG (NYSE:UBS) shares 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 traded. The stock had previously closed at $33.15.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, UBS Group presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 2.7 %

The stock has a market cap of $109.17 billion, a price-to-earnings ratio of 28.37 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. The business has a 50-day moving average of $31.69 and a 200-day moving average of $30.99.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter last year, the firm earned ($0.24) earnings per share. As a group, research analysts forecast that UBS Group AG will post 1.53 earnings per share for the current year.

Hedge Funds Weigh In On UBS Group

Several institutional investors have recently bought and sold shares of UBS. Versant Capital Management Inc bought a new position in UBS Group during the fourth quarter valued at about $40,000. Benjamin F. Edwards & Company Inc. increased its stake 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 worth $49,000 after purchasing an additional 1,416 shares during the period. Continuum Advisory LLC increased its stake 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 worth $49,000 after purchasing an additional 450 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of UBS Group in the third quarter worth about $71,000. Finally, Rosenberg Matthew Hamilton increased its stake 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 worth $81,000 after purchasing an additional 355 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.