Abacus Wealth Partners LLC Takes $2.06 Million Position in UBS Group AG $UBS

Abacus Wealth Partners LLC purchased a new stake in shares of UBS Group AG (NYSE:UBS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,536 shares of the bank’s stock, valued at approximately $2,062,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBS. Flagship Wealth Advisors LLC bought a new position in shares of UBS Group during the third quarter valued at $29,000. Navalign LLC bought a new position in shares of UBS Group during the fourth quarter valued at $32,000. Larson Financial Group LLC lifted its holdings in shares of UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after purchasing an additional 445 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of UBS Group during the third quarter valued at $37,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of UBS Group by 1,013.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock valued at $46,000 after purchasing an additional 882 shares in the last quarter.

UBS Group Price Performance

Shares of UBS Group stock opened at $45.53 on Friday. UBS Group AG has a one year low of $30.36 and a one year high of $49.36. The stock’s fifty day moving average is $40.89 and its 200 day moving average is $42.18. The stock has a market cap of $142.22 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.79 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.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Sell-side analysts anticipate that UBS Group AG will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UBS shares. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday. Weiss Ratings downgraded UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.30.

UBS Group 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.