Moore Capital Management LP Sells 812,371 Shares of UBS Group AG $UBS

Key Points

• Moore Capital Management cut its UBS stake by 32.9%, selling 812,371 shares and retaining 1,653,290 shares worth about $67.51 million, making UBS its 16th-largest holding.
• UBS reported a quarterly beat with $0.37 EPS vs. $0.25 expected and revenue of $12.2 billion, and declared a special dividend of $0.55 payable April 23 (record/ex-div April 22).
• Analysts show 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 target to $60.30.

Moore Capital Management LP decreased its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 32.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,653,290 shares of the bank's stock after selling 812,371 shares during the period. UBS Group comprises 0.9% of Moore Capital Management LP's holdings, making the stock its 16th largest holding. Moore Capital Management LP owned approximately 0.05% of UBS Group worth $67,510,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC raised its position in UBS Group by 0.6% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 130,216 shares of the bank's stock valued at $5,339,000 after purchasing an additional 747 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of UBS Group by 118.4% in the 3rd 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. Lighthouse Investment Partners LLC bought a new position in shares of UBS Group in the 3rd quarter valued at $6,000,000. Integrated Wealth Concepts LLC increased its stake in shares of UBS Group by 9.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 69,344 shares of the bank's stock valued at $2,843,000 after purchasing an additional 5,750 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of UBS Group during the 3rd quarter worth $37,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley restated an "underweight" rating on shares of UBS Group in a research report on Monday, November 24th. Bank of America raised UBS Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $60.30 in a research note on Tuesday, December 16th. Citigroup reissued a "neutral" rating on shares of UBS Group in a report on Thursday, January 22nd. The Goldman Sachs Group restated a "neutral" rating on shares of UBS Group in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.30.

UBS Group Stock Performance

Shares of UBS stock opened at $37.43 on Tuesday. The firm has a market capitalization of $116.91 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 0.35 and a beta of 1.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63. The business's 50-day moving average price is $43.85 and its 200-day moving average price is $41.88. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $49.36.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) 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 business had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business earned $0.23 EPS. The firm's quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be given a $0.55 dividend. The ex-dividend date is Wednesday, April 22nd.

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.

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