Signaturefd LLC Boosts Stock Holdings in UBS Group AG (NYSE:UBS)

Signaturefd LLC raised its stake in shares of UBS Group AG (NYSE:UBS) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 78,725 shares of the bank’s stock after purchasing an additional 4,178 shares during the period. Signaturefd LLC’s holdings in UBS Group were worth $2,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of UBS Group by 609.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank’s stock valued at $133,890,000 after purchasing an additional 3,759,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after buying an additional 3,289,387 shares during the last quarter. Fisher Asset Management LLC raised its stake in UBS Group by 422.4% in the 4th quarter. Fisher Asset Management LLC now owns 4,036,921 shares of the bank’s stock worth $122,399,000 after acquiring an additional 3,264,214 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after purchasing an additional 2,307,033 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in UBS Group during the 3rd quarter worth about $69,440,000.

UBS Group Price Performance

UBS Group stock opened at $33.45 on Tuesday. The company has a fifty day simple moving average of $33.62 and a 200-day simple moving average of $32.06. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of $107.24 billion, a price-to-earnings ratio of 22.00 and a beta of 1.15. UBS Group AG has a 52-week low of $26.01 and a 52-week high of $35.84.

UBS Group (NYSE:UBS) last issued its earnings results 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 return on equity of 5.93% and a net margin of 6.93%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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