Drive Wealth Management LLC Grows Stake in UBS Group AG (NYSE:UBS)

Drive Wealth Management LLC lifted its stake in UBS Group AG (NYSE:UBSFree Report) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,302 shares of the bank’s stock after buying an additional 429 shares during the quarter. Drive Wealth Management LLC’s holdings in UBS Group were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UBS. Cambridge Investment Research Advisors Inc. raised its holdings 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 buying an additional 1,412 shares during the last quarter. BlackRock Inc. raised its holdings in UBS Group by 6.1% in the 1st quarter. BlackRock Inc. now owns 2,465,156 shares of the bank’s stock worth $48,169,000 after acquiring an additional 142,328 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in UBS Group by 11.7% in 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 in the last quarter. Sei Investments Co. boosted its stake in UBS Group by 136.0% during the 1st quarter. Sei Investments Co. now owns 293,491 shares of the bank’s stock valued at $5,716,000 after purchasing an additional 169,106 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of 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 in the last quarter.

UBS Group Stock Performance

Shares of UBS Group stock traded up $0.02 during trading hours on Tuesday, reaching $30.50. 1,467,939 shares of the stock traded hands, compared to its average volume of 2,969,841. The company has a 50 day moving average price of $29.50 and a 200 day moving average price of $27.75. UBS Group AG has a one year low of $18.71 and a one year high of $32.13. The company has a current ratio of 1.10, a quick ratio of 1.23 and a debt-to-equity ratio of 4.17.

UBS Group (NYSE:UBSGet Free Report) last announced its earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a net margin of 43.70% and a return on equity of 7.53%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities research analysts predict that UBS Group AG will post 1.06 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be issued a $0.228 dividend. This is a boost 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 (DPR) is currently 2.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBS. StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Bank of America cut shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on UBS

UBS Group Profile

(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

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

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