UBS Group AG (NYSE:UBS) Stake Boosted by GeoWealth Management LLC

GeoWealth Management LLC lifted its stake in shares of UBS Group AG (NYSE:UBS) by 74.5% during the fourth quarter, Holdings Channel reports. The firm owned 8,624 shares of the bank’s stock after buying an additional 3,683 shares during the period. GeoWealth Management LLC’s holdings in UBS Group were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in UBS. Norges Bank acquired a new stake in UBS Group in the fourth quarter worth $5,594,066,000. Vanguard Group Inc. increased its holdings in shares of UBS Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank’s stock worth $3,915,512,000 after acquiring an additional 1,296,428 shares during the period. FMR LLC increased its holdings in shares of UBS Group by 29.4% in the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock worth $1,695,087,000 after acquiring an additional 12,609,616 shares during the period. Pictet Asset Management Holding SA lifted its position in UBS Group by 18.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock valued at $1,070,335,000 after purchasing an additional 5,555,624 shares during the last quarter. Finally, Amundi boosted its stake in UBS Group by 0.6% during the 4th quarter. Amundi now owns 16,751,961 shares of the bank’s stock valued at $543,936,000 after purchasing an additional 95,712 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBS. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America downgraded UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Stock Performance

UBS opened at $28.58 on Wednesday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a market capitalization of $91.63 billion, a price-to-earnings ratio of 18.80 and a beta of 1.16. The business has a 50 day moving average price of $31.32 and a two-hundred day moving average price of $31.97. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last announced 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). The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. Research analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were paid a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a dividend yield of 2.1%. This is a boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s payout ratio is currently 14.47%.

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.