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

UBS Group AG (NYSE:UBSGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.36 and last traded at $48.8260, with a volume of 460755 shares traded. The stock had previously closed at $48.03.

Key Stories Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UBS shares. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Finally, BNP Paribas Exane downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Get Our Latest Stock Report on UBS Group

UBS Group Price Performance

The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day simple moving average of $44.35 and a 200 day simple moving average of $41.03. The company has a market capitalization of $150.34 billion, a PE ratio of 21.68, a P/E/G ratio of 0.46 and a beta of 1.12.

UBS Group (NYSE:UBSGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $9.68 billion. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 EPS. Equities analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Institutional Investors Weigh In On UBS Group

Several large investors have recently modified their holdings of UBS. Flagship Wealth Advisors LLC purchased a new position in UBS Group during the third quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after acquiring an additional 445 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of UBS Group by 75.2% in the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock valued at $35,000 after acquiring an additional 366 shares during the period. JPL Wealth Management LLC bought a new position in shares of UBS Group in the 3rd quarter worth $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of UBS Group during the 2nd quarter worth $33,000.

About UBS Group

(Get Free Report)

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.

Further Reading

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