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

Shares of UBS Group AG (NYSE:UBS) hit a new 52-week high during trading on Monday . The stock traded as high as $55.22 and last traded at $54.93, with a volume of 962001 shares. The stock had previously closed at $54.90.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Friday, July 31st. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Price Performance

The stock has a market cap of $172.97 billion, a P/E ratio of 18.83, a PEG ratio of 0.82 and a beta of 1.18. The company has a 50 day simple moving average of $52.44 and a 200 day simple moving average of $46.31. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.40 billion. During the same period in the prior year, the business earned $0.72 earnings per share. UBS Group’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that UBS Group AG will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UBS. Norges Bank bought a new stake in UBS Group during the 4th quarter worth about $4,889,413,000. Fisher Asset Management LLC boosted its stake in shares of UBS Group by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after buying an additional 2,938,827 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of UBS Group by 19.1% in the 4th quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock valued at $1,371,044,000 after acquiring an additional 4,744,982 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of UBS Group by 0.9% in the 4th quarter. Legal & General Group Plc now owns 23,611,119 shares of the bank’s stock valued at $1,101,502,000 after acquiring an additional 207,752 shares in the last quarter. Finally, Amundi increased its position in shares of UBS Group by 16.9% in the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after acquiring an additional 3,374,516 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.