UBS Group AG (NYSE:UBS) Stock Holdings Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its position in shares of UBS Group AG (NYSE:UBS) by 54.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,403 shares of the bank’s stock after acquiring an additional 16,723 shares during the period. Avantax Advisory Services Inc.’s holdings in UBS Group were worth $1,437,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UBS. Timber Creek Capital Management LLC lifted its holdings in UBS Group by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after purchasing an additional 311 shares during the period. Allworth Financial LP lifted its holdings in UBS Group by 6.4% in the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock worth $168,000 after purchasing an additional 334 shares during the period. Independent Advisor Alliance lifted its holdings in UBS Group by 0.4% in the fourth quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock worth $2,607,000 after purchasing an additional 339 shares during the period. Lindbrook Capital LLC lifted its holdings in UBS Group by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock worth $341,000 after purchasing an additional 345 shares during the period. Finally, Commerce Bank lifted its holdings in UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after purchasing an additional 346 shares during the period.

UBS Group Price Performance

Shares of NYSE UBS opened at $33.85 on Wednesday. UBS Group AG has a twelve month low of $26.01 and a twelve month high of $35.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The company has a market capitalization of $108.55 billion, a price-to-earnings ratio of 22.27 and a beta of 1.15. The firm has a 50-day moving average of $33.65 and a two-hundred day moving average of $32.08.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.90 billion. During the same period in the prior year, the company posted ($0.09) earnings per share. UBS Group’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. 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 shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned 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.