5 Best European Bank Stocks to Invest In

3. UBS Group AG (NYSE:UBS)

Number of Hedge Fund Holders: 12

UBS Group AG (NYSE:UBS) is a well-established, diversified financial services company with a long track record of success. The company has been in business for more than 150 years and is one of the largest global banking and financial services companies in the world, operating in more than 50 countries. UBS Group AG (NYSE:UBS) is also one of the world’s leading asset managers, with its total assets amounting to over $1.1 trillion, as of September 30, 2022. The stock is placed among the best European bank stocks to buy now.

On October 25, UBS Group AG (NYSE:UBS) posted earnings for the third quarter of 2022. The company reported earnings per share of $0.52 and generated a revenue of $8.24 billion. As of December 1, the stock is trading at a PE multiple of 8x and the company has a trailing twelve-month operating margin of 27.17% and an ROE of 12.63%.

Shortly after the company’s earnings release, JPMorgan analyst Kian Abouhossein raised his price target on UBS Group AG (NYSE:UBS) to CHF 20.70 from CHF 20 and maintained an Overweight rating on the shares.

At the close of Q3 2022, 12 hedge funds were eager on UBS Group AG (NYSE:UBS) and disclosed positions worth $135.45 million. Of those, Pzena Investment Management was the dominant investor in the company and held a position worth $71.55 million.