UBS Group (NYSE:UBS) Hits New 52-Week High – Still a Buy?

Shares of UBS Group AG (NYSE:UBS) reached a new 52-week high on Tuesday . The stock traded as high as $32.88 and last traded at $32.74, with a volume of 613477 shares traded. The stock had previously closed at $32.39.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBS. Bank of America assumed coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four research 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 Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The business has a 50-day moving average price of $30.88 and a two-hundred day moving average price of $30.19. The company has a market capitalization of $98.37 billion, a price-to-earnings ratio of 57.96 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted 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. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period in the previous year, the firm posted $1.88 earnings per share. As a group, research analysts anticipate that UBS Group AG will post 1.68 EPS for the current year.

Institutional Investors Weigh In On UBS Group

A number of institutional investors have recently added to or reduced their stakes in the company. M&G PLC grew its position in UBS Group by 3.1% in the 3rd quarter. M&G PLC now owns 4,507,947 shares of the bank’s stock worth $138,593,000 after purchasing an additional 135,766 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares in the last quarter. US Bancorp DE grew its position in UBS Group by 3.0% in the 3rd quarter. US Bancorp DE now owns 94,164 shares of the bank’s stock worth $2,911,000 after purchasing an additional 2,776 shares in the last quarter. JFS Wealth Advisors LLC grew its position in UBS Group by 3,494.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 26,817 shares of the bank’s stock worth $829,000 after purchasing an additional 26,071 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in UBS Group by 5.7% in the 3rd quarter. Diversify Wealth Management LLC now owns 31,060 shares of the bank’s stock worth $992,000 after purchasing an additional 1,678 shares in the last quarter.

UBS Group Company Profile

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.