UBS Group AG (NYSE:UBS) Shares Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA raised its stake in UBS Group AG (NYSE:UBS) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 677,769 shares of the bank’s stock after acquiring an additional 3,390 shares during the quarter. Banque Pictet & Cie SA’s holdings in UBS Group were worth $20,739,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management raised its position in shares of UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock worth $6,270,000 after acquiring an additional 29,367 shares during the period. M.E. Allison & CO. Inc. purchased a new position in shares of UBS Group in the 4th quarter valued at about $354,000. Wealth Enhancement Advisory Services LLC raised its holdings in UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock worth $3,277,000 after purchasing an additional 1,114 shares during the period. Park Avenue Securities LLC boosted its position in UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after purchasing an additional 33,089 shares during the period.

UBS Group Trading Up 1.3 %

Shares of UBS stock opened at $33.47 on Friday. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock’s fifty day moving average is $32.59 and its two-hundred day moving average is $31.47. The firm has a market capitalization of $107.30 billion, a P/E ratio of 22.02 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Research analysts expect that UBS Group AG will post 1.95 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a $0.90 dividend. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio (DPR) is currently 15.13%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Monday. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.