UBS Group (NYSE:UBS) Reaches New 52-Week High – Time to Buy?

UBS Group AG (NYSE:UBS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.05 and last traded at $49.6070, with a volume of 386995 shares. The stock had previously closed at $48.97.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UBS shares. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Up 1.8%

The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The firm has a market cap of $157.62 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. The firm has a 50-day moving average price of $45.11 and a two-hundred day moving average price of $43.67.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. On average, sell-side analysts forecast that UBS Group AG will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On UBS Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBS. AQR Capital Management LLC lifted its stake in UBS Group by 73.9% in the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after buying an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in UBS Group by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC lifted its stake in UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after buying an additional 1,267 shares during the last quarter. Focus Partners Wealth lifted its stake in UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after buying an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares during the last quarter.

UBS Group Company Profile

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.