Elevation Point Wealth Partners LLC Has $4.08 Million Position in UBS Group AG $UBS

Key Points

• Elevation Point Wealth Partners LLC boosted its stake in UBS by 169.2% in Q3 to 99,503 shares, a position valued at about $4.08 million.
• UBS beat quarterly estimates (EPS $0.37 vs. $0.25 expected; revenue $12.20B vs. $9.88B expected) and announced a special dividend of $0.55 payable April 23.
• Analysts hold a consensus rating of “Moderate Buy” with a consensus target of $60.30, and Bank of America recently upgraded UBS to a Buy and raised its price target to $60.30.

Elevation Point Wealth Partners LLC grew its position in UBS Group AG (NYSE:UBS - Free Report) by 169.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,503 shares of the bank's stock after purchasing an additional 62,545 shares during the period. Elevation Point Wealth Partners LLC's holdings in UBS Group were worth $4,080,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of UBS Group in the second quarter worth $4,878,061,000. Wellington Management Group LLP raised its position in UBS Group by 254.9% in the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank's stock worth $2,601,589,000 after purchasing an additional 45,731,061 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in UBS Group by 21.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank's stock valued at $3,171,497,000 after purchasing an additional 13,417,945 shares during the period. Viking Global Investors LP lifted its stake in shares of UBS Group by 407.5% in the 3rd 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 during the period. Finally, Fisher Asset Management LLC lifted its stake in UBS Group by 16.9% in the second quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank's stock valued at $1,975,903,000 after buying an additional 8,448,219 shares during the period.

Wall Street Analyst Weigh In

UBS has been the subject of several research analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of UBS Group in a research report on Monday, November 24th. Zacks Research downgraded shares of UBS Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 15th. The Goldman Sachs Group reiterated a "neutral" rating on shares of UBS Group in a research report on Friday, February 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, January 21st. Finally, Bank of America upgraded UBS Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.30.

UBS Group Trading Down 1.6%

NYSE:UBS opened at $36.91 on Friday. The firm has a fifty day simple moving average of $44.07 and a two-hundred day simple moving average of $41.89. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $49.36. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $115.31 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.35 and a beta of 1.14.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the firm earned $0.23 earnings per share. The business's quarterly revenue was up 10.3% compared to the same quarter last year. Analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. UBS Group's dividend payout ratio (DPR) is 14.83%.

About UBS Group

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.

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