UBS Group AG (NYSE:UBS) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,129 shares of the bank’s stock after buying an additional 2,305 shares during the period. Parallel Advisors LLC’s holdings in UBS Group were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV increased its position in UBS Group by 19.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,120 shares of the bank’s stock valued at $95,000 after buying an additional 500 shares in the last quarter. Gallacher Capital Management LLC grew its stake in UBS Group by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 16,033 shares of the bank’s stock valued at $486,000 after purchasing an additional 416 shares during the last quarter. Corient Private Wealth LLC grew its stake in UBS Group by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 73,290 shares of the bank’s stock valued at $2,222,000 after purchasing an additional 797 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in UBS Group by 3.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 53,410 shares of the bank’s stock valued at $1,619,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in UBS Group by 0.6% during the 4th quarter. Natixis Advisors LLC now owns 5,237,829 shares of the bank’s stock valued at $158,811,000 after purchasing an additional 29,916 shares during the last quarter.

Analysts Set New Price Targets

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

UBS Group Stock Down 0.2 %

Shares of UBS opened at $33.01 on Friday. UBS Group AG has a 52 week low of $26.01 and a 52 week high of $35.84. 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 company has a market capitalization of $105.85 billion, a price-to-earnings ratio of 21.72 and a beta of 1.15. The stock’s 50-day moving average price is $33.67 and its 200-day moving average price is $32.10.

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

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. 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 dividend payout ratio is currently 19.08%.

UBS Group Company 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.