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. The stock had previously closed at $33.15.

Wall Street Analysts Forecast Growth

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

UBS Group Stock Performance

The company has a 50 day moving average price of $31.66 and a 200-day moving average price of $30.95. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The company has a market cap of $109.13 billion, a P/E ratio of 28.36 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter last year, the company posted ($0.24) EPS. On average, equities analysts expect that UBS Group AG will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UBS Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in UBS Group by 17.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after acquiring an additional 33,089 shares during the last quarter. Toronto Dominion Bank grew its position in UBS Group by 286.3% during the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after acquiring an additional 201,809 shares during the last quarter. Fisher Asset Management LLC bought a new stake in UBS Group during the 3rd quarter worth $23,884,000. Legal & General Group Plc grew its position in 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 acquiring an additional 41,027,134 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in UBS Group by 117.1% during the 3rd quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock worth $4,703,000 after acquiring an additional 82,062 shares during the last quarter.

About UBS Group

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.