10,619 Shares in UBS Group AG (NYSE:UBS) Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. purchased a new stake in UBS Group AG (NYSE:UBS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,619 shares of the bank’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of UBS Group in the 4th quarter valued at about $5,594,066,000. FMR LLC grew its stake in UBS Group by 29.4% in the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock valued at $1,695,087,000 after acquiring an additional 12,609,616 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in UBS Group in the fourth quarter valued at approximately $233,591,000. Pictet Asset Management Holding SA raised its position in shares of UBS Group by 18.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock worth $1,070,335,000 after purchasing an additional 5,555,624 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings 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 worth $133,890,000 after purchasing an additional 3,759,134 shares in the last quarter.

UBS Group Trading Up 3.4 %

NYSE:UBS opened at $28.47 on Friday. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84. The firm has a 50-day moving average price of $32.03 and a two-hundred day moving average price of $32.10. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $91.29 billion, a price-to-earnings ratio of 18.73 and a beta of 1.16.

UBS Group (NYSE:UBS) last issued its quarterly 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). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.90 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal 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 issued a $0.90 dividend. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. UBS Group’s payout ratio is 14.47%.

Analyst Upgrades and Downgrades

A number of analysts have commented on UBS shares. Bank of America lowered shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Morgan Stanley lowered shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.