7,268 Shares in UBS Group AG (NYSE:UBS) Acquired by 1900 Wealth Management LLC

1900 Wealth Management LLC purchased a new position in shares of UBS Group AG (NYSE:UBS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,268 shares of the bank’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also bought and sold shares of UBS. Allworth Financial LP lifted its stake in shares of UBS Group by 8.7% in the 4th quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock valued at $139,000 after purchasing an additional 361 shares during the period. Global Retirement Partners LLC lifted its stake in shares of UBS Group by 24.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after purchasing an additional 402 shares during the period. Drive Wealth Management LLC lifted its stake in shares of UBS Group by 4.3% in the 4th quarter. Drive Wealth Management LLC now owns 10,302 shares of the bank’s stock valued at $318,000 after purchasing an additional 429 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of UBS Group by 16.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 3,160 shares of the bank’s stock valued at $98,000 after purchasing an additional 440 shares during the period. Finally, Keel Point LLC lifted its stake in shares of UBS Group by 5.0% in the 4th quarter. Keel Point LLC now owns 9,389 shares of the bank’s stock valued at $290,000 after purchasing an additional 445 shares during the period.

UBS Group Trading Up 1.5 %

UBS Group stock opened at $28.39 on Wednesday. The stock has a fifty day simple moving average of $29.66 and a two-hundred day simple moving average of $28.27. UBS Group AG has a 12 month low of $18.71 and a 12 month high of $32.13. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The firm had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue was up 35.2% on a year-over-year basis. As a group, analysts expect that UBS Group AG will post 1.11 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. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.228 per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. This is a positive change from UBS Group’s previous annual dividend of $0.18. UBS Group’s payout ratio is currently 2.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.