UBS Group AG (NYSE:UBS) Stock Position Raised by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its stake in UBS Group AG (NYSE:UBS) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,033 shares of the bank’s stock after purchasing an additional 416 shares during the quarter. Gallacher Capital Management LLC’s holdings in UBS Group were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Corient Private Wealth LLC boosted its holdings in shares of UBS Group by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 73,290 shares of the bank’s stock worth $2,222,000 after buying an additional 797 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in UBS Group by 3.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 53,410 shares of the bank’s stock worth $1,619,000 after purchasing an additional 2,009 shares during the period. Natixis Advisors LLC boosted its stake in UBS Group by 0.6% in the 4th quarter. Natixis Advisors LLC now owns 5,237,829 shares of the bank’s stock worth $158,811,000 after purchasing an additional 29,916 shares during the period. Brandes Investment Partners LP boosted its stake in UBS Group by 0.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,634,014 shares of the bank’s stock worth $49,543,000 after purchasing an additional 11,583 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its position in shares of UBS Group by 4.1% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 276,769 shares of the bank’s stock worth $8,392,000 after buying an additional 10,819 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UBS shares. Morgan Stanley cut UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

UBS Group Trading Up 3.4 %

NYSE:UBS opened at $32.79 on Friday. The company has a market capitalization of $105.12 billion, a P/E ratio of 21.57 and a beta of 1.15. The stock’s 50 day moving average price is $33.59 and its 200 day moving average price is $32.04. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a 52 week low of $26.01 and a 52 week high of $35.84.

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

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s payout ratio is presently 19.08%.

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.