Allspring Global Investments Holdings LLC Acquires 4,912 Shares of UBS Group AG (NYSE:UBS)

Allspring Global Investments Holdings LLC increased its position in UBS Group AG (NYSE:UBS) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 42,753 shares of the bank’s stock after buying an additional 4,912 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in UBS Group were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after acquiring an additional 3,289,387 shares in the last quarter. Pzena Investment Management LLC raised its stake in UBS Group by 2.8% during the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after acquiring an additional 851,231 shares in the last quarter. Wellington Management Group LLP raised its stake in UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after acquiring an additional 2,307,033 shares in the last quarter. ARGA Investment Management LP raised its stake in UBS Group by 6.5% during the fourth quarter. ARGA Investment Management LP now owns 7,338,038 shares of the bank’s stock worth $224,259,000 after acquiring an additional 445,876 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in shares of UBS Group by 0.6% in the third quarter. Royal London Asset Management Ltd. now owns 7,149,149 shares of the bank’s stock valued at $220,980,000 after buying an additional 43,881 shares in the last quarter.

UBS Group Price Performance

Shares of UBS stock opened at $33.48 on Friday. The stock has a 50-day moving average price of $32.79 and a 200 day moving average price of $31.70. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a market cap of $107.34 billion, a price-to-earnings ratio of 22.02 and a beta of 1.16. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $35.84.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The firm had revenue of $11.06 billion during 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%. UBS Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a $0.90 dividend. 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 dividend payout ratio (DPR) is presently 15.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, UBS Group currently has an average rating of “Hold”.

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.