Moran Wealth Management LLC Has $14.89 Million Stock Position in UBS Group AG (NYSE:UBS)

Moran Wealth Management LLC lessened its stake in UBS Group AG (NYSE:UBS) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 491,187 shares of the bank’s stock after selling 9,220 shares during the period. Moran Wealth Management LLC’s holdings in UBS Group were worth $14,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBS. Amundi boosted its holdings in UBS Group by 0.6% in the fourth quarter. Amundi now owns 16,751,961 shares of the bank’s stock valued at $543,936,000 after acquiring an additional 95,712 shares during the last quarter. AMF Tjanstepension AB lifted its position in shares of UBS Group by 114.5% in the 4th quarter. AMF Tjanstepension AB now owns 261,942 shares of the bank’s stock worth $8,026,000 after purchasing an additional 139,846 shares during the period. Banco Santander S.A. boosted its stake in shares of UBS Group by 37.2% in the 4th quarter. Banco Santander S.A. now owns 86,500 shares of the bank’s stock valued at $2,623,000 after purchasing an additional 23,457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of UBS Group by 609.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank’s stock worth $133,890,000 after buying an additional 3,759,134 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its stake in UBS Group by 98.1% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 20,278 shares of the bank’s stock worth $615,000 after buying an additional 10,040 shares during the last quarter.

UBS Group Stock Up 3.2 %

UBS stock opened at $34.15 on Monday. The firm has a market capitalization of $109.48 billion, a PE ratio of 22.46 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. UBS Group AG has a twelve month low of $26.01 and a twelve month high of $35.84. The stock’s 50 day moving average is $33.45 and its 200-day moving average is $32.01.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter last year, the business posted ($0.09) earnings per share. UBS Group’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. 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%.

Analysts Set New Price Targets

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

UBS Group Profile

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.