UBS Group AG (NYSE:UBS) Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP grew its position in UBS Group AG (NYSE:UBS) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,873 shares of the bank’s stock after purchasing an additional 1,622 shares during the period. Mission Wealth Management LP’s holdings in UBS Group were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UBS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UBS Group by 6.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after purchasing an additional 3,289,387 shares during the period. Fisher Asset Management LLC increased its holdings in shares of UBS Group by 422.4% in the fourth quarter. Fisher Asset Management LLC now owns 4,036,921 shares of the bank’s stock valued at $122,399,000 after purchasing an additional 3,264,214 shares during the period. Wellington Management Group LLP increased its holdings in shares of UBS Group by 20.2% in the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after purchasing an additional 2,307,033 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of UBS Group in the third quarter valued at about $69,440,000. Finally, Pzena Investment Management LLC increased its holdings in shares of UBS Group by 2.8% in the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after purchasing an additional 851,231 shares during the period.

UBS Group Stock Up 2.8 %

UBS Group stock opened at $34.26 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. UBS Group AG has a 52 week low of $26.01 and a 52 week high of $35.84. The business’s 50-day moving average price is $33.34 and its 200 day moving average price is $31.96. The firm has a market cap of $109.84 billion, a price-to-earnings ratio of 22.54 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $10.90 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be issued a $0.90 dividend. This is a positive change from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 19.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UBS shares. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UBS Group currently has an average rating of “Hold”.

UBS Group 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.