UBS Group (NYSE:UBS) Sets New 12-Month High – Time to Buy?

UBS Group AG (NYSE:UBS) shares hit a new 52-week high on Thursday . The stock traded as high as $55.15 and last traded at $55.1150, with a volume of 2381313 shares. The stock had previously closed at $53.82.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBS. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Weiss Ratings lowered UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Up 2.4%

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The firm’s 50-day simple moving average is $48.73 and its two-hundred day simple moving average is $44.91. The company has a market capitalization of $172.18 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.84 and a beta of 1.19.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Sell-side analysts predict that UBS Group AG will post 3.49 EPS for the current fiscal year.

Hedge Funds Weigh In On UBS Group

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in UBS Group in the fourth quarter valued at $4,889,413,000. Assenagon Asset Management S.A. increased its position in shares of UBS Group by 6,277.5% in the second quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock valued at $821,228,000 after buying an additional 16,277,125 shares in the last quarter. Viking Global Investors LP increased its position in shares of UBS Group by 407.5% in the third quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after buying an additional 10,516,148 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of UBS Group in the 4th quarter worth about $411,917,000. Finally, Janus Henderson Group PLC grew its stake in UBS Group by 253.3% in the 4th quarter. Janus Henderson Group PLC now owns 6,861,746 shares of the bank’s stock valued at $320,074,000 after acquiring an additional 4,919,494 shares during the last quarter.

About UBS Group

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.