Generali Asset Management SPA SGR Purchases New Holdings in UBS Group AG (NYSE:UBS)

Generali Asset Management SPA SGR purchased a new position in shares of UBS Group AG (NYSE:UBS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 686,132 shares of the bank’s stock, valued at approximately $19,026,000.

Several other hedge funds also recently modified their holdings of UBS. Berbice Capital Management LLC acquired a new position in shares of UBS Group during the 4th quarter worth $27,000. Rakuten Securities Inc. acquired a new position in shares of UBS Group during the 4th quarter worth $30,000. Versant Capital Management Inc acquired a new position in shares of UBS Group during the 4th quarter worth $40,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of UBS Group during the 4th quarter worth $41,000. Finally, Continuum Advisory LLC increased its stake in shares of UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after purchasing an additional 450 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley lowered shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Finally, StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group Trading Up 2.2 %

Shares of NYSE UBS opened at $33.45 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The company has a market cap of $107.24 billion, a PE ratio of 22.00 and a beta of 1.15. The company has a 50-day moving average of $33.62 and a two-hundred day moving average of $32.06. UBS Group AG has a 1-year low of $26.01 and a 1-year high of $35.84.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned ($0.09) earnings per share. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be issued 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 boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is 19.08%.

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.