UBS Group AG (NYSE:UBS) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in UBS Group AG (NYSE:UBS) by 42.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,989 shares of the bank’s stock after purchasing an additional 887 shares during the period. Steward Partners Investment Advisory LLC’s holdings in UBS Group were worth $91,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 6.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after acquiring an additional 3,289,387 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of UBS Group by 2.8% in the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after acquiring an additional 851,231 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of UBS Group by 1.9% in the fourth quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank’s stock worth $502,398,000 after acquiring an additional 301,394 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of UBS Group by 20.2% in the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after acquiring an additional 2,307,033 shares in the last quarter. Finally, ARGA Investment Management LP grew its stake in shares of UBS Group by 6.5% in the fourth quarter. ARGA Investment Management LP now owns 7,338,038 shares of the bank’s stock worth $224,259,000 after acquiring an additional 445,876 shares in the last quarter.

Analyst Ratings Changes

Several research firms have commented on UBS. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Finally, BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold”.

UBS Group Price Performance

Shares of UBS opened at $33.45 on Tuesday. UBS Group AG has a 1-year low of $26.01 and a 1-year high of $35.84. The stock has a market cap of $107.24 billion, a PE ratio of 22.00 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a fifty day moving average price of $33.62 and a 200 day moving average price of $32.06.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same period last year, the firm earned ($0.09) earnings per share. UBS Group’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s payout ratio is 19.08%.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.