UBS Group (NYSE:UBS) Sets New 1-Year High – Still a Buy?

UBS Group AG (NYSE:UBS) shares hit 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. The stock had previously closed at $31.73.

Analysts Set New Price Targets

Several research firms recently issued reports on UBS. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 4.0 %

The stock has a fifty day moving average of $30.93 and a 200-day moving average of $30.30. The firm has a market capitalization of $105.86 billion, a price-to-earnings ratio of 27.51 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share 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 for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter last year, the business posted ($0.24) EPS. As a group, sell-side analysts expect that UBS Group AG will post 1.45 EPS for the current year.

Institutional Trading of UBS Group

A number of hedge funds have recently modified their holdings of the business. Natixis Advisors LLC raised its position in UBS Group by 5.2% during the third quarter. Natixis Advisors LLC now owns 5,207,913 shares of the bank’s stock valued at $160,977,000 after buying an additional 258,058 shares during the period. Plato Investment Management Ltd purchased a new position in UBS Group during the 3rd quarter valued at about $3,188,000. Oppenheimer Asset Management Inc. increased its holdings in shares of UBS Group by 5.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 19,054 shares of the bank’s stock valued at $589,000 after purchasing an additional 1,045 shares during the period. MQS Management LLC purchased a new stake in shares of UBS Group in the third quarter worth approximately $267,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of UBS Group by 88.7% during the third quarter. Venturi Wealth Management LLC now owns 7,730 shares of the bank’s stock worth $239,000 after purchasing an additional 3,634 shares during the period.

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.