Runnymede Capital Advisors Inc. Makes New $2.98 Million Investment in UBS Group AG $UBS

Key Points

• Runnymede Capital Advisors bought a new stake of 64,279 shares in UBS during Q4 valued at approximately $2.98 million, making UBS about 1.7% of its portfolio and its 16th largest holding.
• UBS beat Q4 estimates with $0.37 EPS vs $0.25 expected and $12.2 billion in revenue (up 10.3% YoY), and announced a special dividend of $0.55 payable April 23 (record/ex-dividend April 22).
• Analysts have a consensus rating of Moderate Buy with an average price target of $60.30, and Bank of America recently upgraded UBS from Neutral to Buy while raising its target to $60.30.

Runnymede Capital Advisors Inc. purchased a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 64,279 shares of the bank's stock, valued at approximately $2,977,000. UBS Group makes up approximately 1.7% of Runnymede Capital Advisors Inc.'s portfolio, making the stock its 16th biggest position.

Several other large investors have also recently modified their holdings of the stock. Sound Income Strategies LLC increased its stake in UBS Group by 154.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,367 shares of the bank's stock valued at $65,000 after purchasing an additional 829 shares in the last quarter. Sowell Financial Services LLC purchased a new position in UBS Group in the fourth quarter worth about $225,000. Florida Trust Wealth Management Co bought a new position in shares of UBS Group in the fourth quarter worth approximately $378,000. Signaturefd LLC grew its holdings in shares of UBS Group by 1.9% during the fourth quarter. Signaturefd LLC now owns 79,813 shares of the bank's stock valued at $3,696,000 after buying an additional 1,499 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of UBS Group by 7.0% during the fourth quarter. Ascent Group LLC now owns 16,368 shares of the bank's stock valued at $758,000 after buying an additional 1,068 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on UBS. Bank of America upgraded shares of UBS Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, January 21st. 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, Zacks Research downgraded UBS Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.30.

UBS Group Stock Up 0.0%

UBS opened at $39.45 on Monday. The stock has a market capitalization of $123.23 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.74 and a beta of 1.16. The firm has a 50 day moving average price of $41.19 and a 200-day moving average price of $41.61. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $49.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 3.63.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $12.20 billion for the quarter, compared to analysts' expectations of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. Equities research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Announces Dividend

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

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.

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