Sagespring Wealth Partners LLC Acquires Shares of 15,924 UBS Group AG (NYSE:UBS)

Sagespring Wealth Partners LLC bought a new position in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,924 shares of the bank’s stock, valued at approximately $483,000.

Other large investors have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in UBS Group during the 4th quarter valued at about $27,000. Rakuten Securities Inc. bought a new stake in shares of UBS Group during the fourth quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new stake in shares of UBS Group in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc bought a new position in UBS Group in the fourth quarter worth approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in UBS Group during the 4th quarter worth $41,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Bank of America downgraded shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

UBS Group Stock Up 0.9 %

Shares of UBS stock opened at $28.91 on Wednesday. The stock’s fifty day moving average price is $31.86 and its 200 day moving average price is $32.07. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a market cap of $92.68 billion, a price-to-earnings ratio of 19.02 and a beta of 1.16.

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

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s payout ratio is presently 14.47%.

About UBS Group

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.