UBS Group (NYSE:UBS) Sees Strong Trading Volume – Here’s What Happened

Shares of UBS Group AG (NYSE:UBS) saw unusually-high trading volume on Monday . Approximately 2,281,642 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 2,127,426 shares.The stock last traded at $32.29 and had previously closed at $34.15.

Analyst Ratings Changes

Several research analysts have commented on UBS shares. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, UBS Group has a consensus rating of “Hold”.

UBS Group Stock Performance

The company has a market cap of $102.33 billion, a price-to-earnings ratio of 21.00 and a beta of 1.15. 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 company has a fifty day moving average of $33.45 and a two-hundred day moving average of $32.01.

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

UBS Group Increases Dividend

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

Hedge Funds Weigh In On UBS Group

Large investors have recently modified their holdings of the business. Brucke Financial Inc. acquired a new stake in UBS Group in the fourth quarter valued at $617,000. Mackenzie Financial Corp increased its stake in shares of UBS Group by 0.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,778,047 shares of the bank’s stock valued at $53,910,000 after buying an additional 14,817 shares during the period. Forum Financial Management LP raised its position in shares of UBS Group by 20.8% during the fourth quarter. Forum Financial Management LP now owns 68,105 shares of the bank’s stock worth $2,065,000 after acquiring an additional 11,749 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of UBS Group by 16.5% in the fourth quarter. Vise Technologies Inc. now owns 54,234 shares of the bank’s stock worth $1,644,000 after acquiring an additional 7,690 shares during the period. Finally, Inspire Trust Co. N.A. lifted its stake in shares of UBS Group by 3.4% in the fourth quarter. Inspire Trust Co. N.A. now owns 108,000 shares of the bank’s stock worth $3,275,000 after acquiring an additional 3,583 shares during the period.

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.