Opal Capital LLC Buys New Position in UBS Group AG $UBS

Opal Capital LLC bought a new stake in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,276 shares of the bank’s stock, valued at approximately $3,809,000.

A number of other hedge funds have also modified their holdings of UBS. Norges Bank bought a new position in shares of UBS Group in the fourth quarter worth approximately $4,889,413,000. Wellington Management Group LLP raised its stake in UBS Group by 254.9% during the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after purchasing an additional 45,731,061 shares in the last quarter. Viking Global Investors LP raised its stake in UBS Group by 407.5% during the third quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after purchasing an additional 10,516,148 shares in the last quarter. Ninety One UK Ltd purchased a new stake in UBS Group during the fourth quarter valued at $411,917,000. Finally, Bank of Montreal Can raised its stake in UBS Group by 248.7% during the third quarter. Bank of Montreal Can now owns 9,325,276 shares of the bank’s stock valued at $380,782,000 after purchasing an additional 6,650,862 shares in the last quarter.

UBS Group Stock Up 1.8%

NYSE:UBS opened at $50.46 on Wednesday. UBS Group AG has a fifty-two week low of $30.36 and a fifty-two week high of $50.91. The stock has a market capitalization of $157.62 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.83 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The company’s 50-day simple moving average is $45.11 and its 200-day simple moving average is $43.67.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. On average, equities analysts anticipate that UBS Group AG will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UBS Group has a consensus rating of “Hold” and a consensus price target of $60.30.

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.