Lake Street Advisors Group LLC Acquires 811 Shares of UBS Group AG (NYSE:UBS)

Lake Street Advisors Group LLC increased its holdings in UBS Group AG (NYSE:UBS) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,239 shares of the bank’s stock after purchasing an additional 811 shares during the period. Lake Street Advisors Group LLC’s holdings in UBS Group were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UBS. Berbice Capital Management LLC purchased a new stake in shares of UBS Group during the fourth quarter worth $27,000. Versant Capital Management Inc bought a new stake in shares of UBS Group during the 4th quarter valued at $40,000. Continuum Advisory LLC lifted its holdings in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in UBS Group in the 4th quarter worth about $123,000.

UBS Group Stock Performance

NYSE UBS opened at $34.22 on Thursday. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $35.84. The company has a fifty day moving average of $32.95 and a 200-day moving average of $31.81. The company has a market capitalization of $109.71 billion, a P/E ratio of 22.51 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) 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 firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same period last year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

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

Analyst Upgrades and Downgrades

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