Moore Capital Management LP Has $67.51 Million Stake in UBS Group AG $UBS

Moore Capital Management LP reduced its stake in shares of UBS Group AG (NYSE:UBS) by 32.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,653,290 shares of the bank’s stock after selling 812,371 shares during the period. UBS Group accounts for approximately 0.9% of Moore Capital Management LP’s investment portfolio, making the stock its 16th biggest position. Moore Capital Management LP’s holdings in UBS Group were worth $67,510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Flagship Wealth Advisors LLC acquired a new stake in shares of UBS Group in the third quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of UBS Group during the second quarter worth about $33,000. Larson Financial Group LLC lifted its stake in shares of UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares during the period. Private Trust Co. NA lifted its stake in shares of UBS Group by 75.2% in the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after acquiring an additional 366 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in UBS Group in the third quarter valued at approximately $37,000.

UBS Group Trading Up 1.3%

NYSE UBS opened at $37.43 on Tuesday. The stock has a market capitalization of $116.91 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.35 and a beta of 1.14. The business has a 50 day simple moving average of $43.85 and a 200 day simple moving average of $41.88. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.19 and a quick ratio of 1.19. UBS Group AG has a one year low of $25.75 and a one year high of $49.36.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $60.30 in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.