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

UBS Group AG (NYSE:UBS - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $36.00 and last traded at $35.78, with a volume of 695355 shares. The stock had previously closed at $35.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UBS shares. Citigroup reiterated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, UBS Group has a consensus rating of "Hold".

UBS Group Trading Up 1.8%

The firm has a market cap of $114.82 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15. The stock has a fifty day simple moving average of $32.33 and a 200 day simple moving average of $32.06. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. On average, research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UBS Group

Large investors have recently bought and sold shares of the business. Sivia Capital Partners LLC raised its position in UBS Group by 4.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,300 shares of the bank's stock valued at $484,000 after purchasing an additional 639 shares in the last quarter. Sunpointe LLC bought a new position in shares of UBS Group in the 2nd quarter worth $208,000. Systrade AG raised its position in shares of UBS Group by 5.0% in the 2nd quarter. Systrade AG now owns 625,000 shares of the bank's stock worth $20,939,000 after acquiring an additional 30,000 shares in the last quarter. Crocodile Capital Partners GmbH raised its position in shares of UBS Group by 74.6% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank's stock worth $33,651,000 after acquiring an additional 425,000 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its position in shares of UBS Group by 2.7% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 40,050 shares of the bank's stock worth $1,354,000 after acquiring an additional 1,050 shares in the last quarter.

About UBS Group

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.