Harvest Fund Management Co. Ltd Buys 951 Shares of UBS Group AG (NYSE:UBS)

Harvest Fund Management Co. Ltd boosted its stake in shares of UBS Group AG (NYSE:UBS) by 50.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,819 shares of the bank’s stock after acquiring an additional 951 shares during the period. Harvest Fund Management Co. Ltd’s holdings in UBS Group were worth $87,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of UBS Group by 37.8% in the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after purchasing an additional 14,104,407 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UBS Group by 9.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock valued at $1,424,902,000 after acquiring an additional 3,840,395 shares during the period. Morgan Stanley raised its position in shares of UBS Group by 3.6% in the 3rd quarter. Morgan Stanley now owns 11,168,903 shares of the bank’s stock valued at $275,313,000 after acquiring an additional 389,244 shares during the period. Causeway Capital Management LLC raised its position in shares of UBS Group by 1.1% in the 3rd quarter. Causeway Capital Management LLC now owns 8,998,675 shares of the bank’s stock valued at $223,144,000 after acquiring an additional 95,547 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of UBS Group by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,021,393 shares of the bank’s stock valued at $173,077,000 after acquiring an additional 103,803 shares during the period.

UBS Group Trading Up 0.5 %

UBS opened at $27.49 on Friday. UBS Group AG has a twelve month low of $18.71 and a twelve month high of $32.13. The company has a 50-day simple moving average of $29.65 and a 200 day simple moving average of $28.26. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23.

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The company had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The firm’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. On average, research analysts predict that UBS Group AG will post 1.12 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 Friday, May 3rd. Stockholders of record on Thursday, May 2nd will be paid a $0.228 dividend. The ex-dividend date is Wednesday, May 1st. This represents a dividend yield of 0.82%. This is an increase from UBS Group’s previous annual dividend of $0.18. UBS Group’s dividend payout ratio is currently 2.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBS. StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Finally, Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.