UBS Group (NYSE:UBS) Hits New 12-Month High – Still a Buy?

UBS Group AG (NYSE:UBS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.84 and last traded at $35.66, with a volume of 2071183 shares changing hands. The stock had previously closed at $35.72.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UBS shares. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

UBS Group Trading Down 0.2 %

The company has a market capitalization of $114.33 billion, a P/E ratio of 29.71 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 firm’s 50-day moving average price is $32.14 and its 200 day moving average price is $31.23.

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

Institutional Investors Weigh In On UBS Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Channing Global Advisors LLC raised its holdings in shares of UBS Group by 22.9% in the fourth quarter. Channing Global Advisors LLC now owns 654,665 shares of the bank’s stock valued at $20,026,000 after purchasing an additional 121,836 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in UBS Group by 13.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank’s stock valued at $1,307,000 after buying an additional 4,912 shares during the last quarter. Savant Capital LLC lifted its position in shares of UBS Group by 9.5% during the 4th quarter. Savant Capital LLC now owns 7,610 shares of the bank’s stock worth $231,000 after buying an additional 659 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of UBS Group in the 4th quarter worth approximately $218,000. Finally, NatWest Group plc grew its holdings in shares of UBS Group by 87.2% in the fourth quarter. NatWest Group plc now owns 197,901 shares of the bank’s stock valued at $6,000,000 after acquiring an additional 92,203 shares in 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.