U S Global Investors Inc. Acquires Shares of 24,500 UBS Group AG $UBS

U S Global Investors Inc. acquired a new stake in UBS Group AG (NYSE:UBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,500 shares of the bank’s stock, valued at approximately $1,135,000.

A number of other hedge funds have also added to or reduced their stakes in UBS. Flagship Wealth Advisors LLC purchased a new stake in shares of UBS Group in the 3rd quarter worth about $29,000. Larson Financial Group LLC increased its position in shares of UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after buying an additional 445 shares during the period. Private Trust Co. NA raised its stake in UBS Group by 75.2% in the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after buying an additional 366 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in UBS Group in the third quarter worth about $37,000. Finally, Salomon & Ludwin LLC lifted its holdings in UBS Group by 2,566.7% in the third quarter. Salomon & Ludwin LLC now owns 1,120 shares of the bank’s stock worth $46,000 after buying an additional 1,078 shares during the period.

UBS Group Trading Down 3.1%

UBS Group stock opened at $41.07 on Friday. The business has a 50-day simple moving average of $40.14 and a two-hundred day simple moving average of $41.68. UBS Group AG has a 52-week low of $29.33 and a 52-week high of $49.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 3.63. The company has a market cap of $128.31 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.79 and a beta of 1.16.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the business earned $0.23 earnings per share. UBS Group’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts predict that UBS Group AG will post 3.18 EPS for the current year.

UBS Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were issued a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. UBS Group’s payout ratio is 15.25%.

Wall Street Analyst Weigh In

UBS has been the topic of several research reports. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday. Weiss Ratings upgraded UBS Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, UBS Group has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.