Stonegate Investment Group LLC Purchases 1,000 Shares of UBS Group AG (NYSE:UBS)

Stonegate Investment Group LLC lifted its position in shares of UBS Group AG (NYSE:UBSFree Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,216 shares of the bank’s stock after buying an additional 1,000 shares during the period. Stonegate Investment Group LLC’s holdings in UBS Group were worth $377,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in UBS Group by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,726 shares of the bank’s stock worth $483,000 after purchasing an additional 1,412 shares during the last quarter. BlackRock Inc. lifted its stake in shares of UBS Group by 6.1% in the 1st quarter. BlackRock Inc. now owns 2,465,156 shares of the bank’s stock valued at $48,169,000 after acquiring an additional 142,328 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in UBS Group by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,348,771 shares of the bank’s stock valued at $84,975,000 after acquiring an additional 453,906 shares during the period. Sei Investments Co. grew its position in UBS Group by 136.0% during the 1st quarter. Sei Investments Co. now owns 293,491 shares of the bank’s stock worth $5,716,000 after acquiring an additional 169,106 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in UBS Group by 39.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,826 shares of the bank’s stock worth $309,000 after purchasing an additional 4,466 shares during the period.

UBS Group Price Performance

UBS opened at $31.13 on Thursday. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.10 and a quick ratio of 1.23. The stock’s 50 day moving average price is $29.56 and its 200-day moving average price is $27.81. UBS Group AG has a 52-week low of $18.71 and a 52-week high of $32.13.

UBS Group (NYSE:UBSGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.53%. The company had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue was up 35.2% on a year-over-year basis. Analysts forecast that UBS Group AG will post 1.06 EPS for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be paid a $0.228 dividend. This is an increase from UBS Group’s previous annual dividend of $0.18. This represents a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. UBS Group’s dividend payout ratio is presently 2.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UBS. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Finally, StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on UBS

About UBS Group

(Free Report)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.

Further Reading

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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