UBS Group (NYSE:UBS) Hits New 52-Week High After Analyst Upgrade

Shares of UBS Group AG (NYSE:UBS) reached a new 52-week high on Wednesday after Bank of America upgraded the stock from a neutral rating to a buy rating. Bank of America now has a $60.30 price target on the stock, up from their previous price target of $44.00. UBS Group traded as high as $44.95 and last traded at $44.8150, with a volume of 3919812 shares traded. The stock had previously closed at $42.69.

UBS has been the topic of a number of other research reports. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Institutional Trading of UBS Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Maseco LLP bought a new position in UBS Group in the second quarter valued at approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in shares of UBS Group in the 3rd quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of UBS Group in the second quarter valued at $33,000. Larson Financial Group LLC increased its holdings in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after buying an additional 445 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in UBS Group by 75.2% during the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after buying an additional 366 shares during the last quarter.

UBS Group Price Performance

The stock has a market capitalization of $147.89 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $38.12.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period in the previous year, the business earned $0.43 EPS. UBS Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

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.