UBS Group (NYSE:UBS) Sets New 12-Month High – Should You Buy?

UBS Group AG (NYSE:UBS) reached a new 52-week high during trading on Thursday . The company traded as high as $32.68 and last traded at $32.68, with a volume of 33816 shares traded. The stock had previously closed at $32.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UBS shares. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Trading Up 0.9 %

The firm has a market cap of $105.14 billion, a price-to-earnings ratio of 61.31 and a beta of 1.15. The business’s 50 day moving average price is $30.39 and its 200-day moving average price is $30.05. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm earned $1.88 EPS. Equities analysts expect that UBS Group AG will post 1.36 EPS for the current year.

Hedge Funds Weigh In On UBS Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of UBS Group in the 1st quarter worth about $42,000. Nisa Investment Advisors LLC acquired a new stake in shares of UBS Group during the 2nd quarter valued at $41,000. RFP Financial Group LLC raised its holdings in UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after buying an additional 526 shares during the period. Larson Financial Group LLC boosted its holdings in shares of UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after buying an additional 1,493 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of UBS Group in the first quarter worth about $51,000.

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.