UBS Group AG (NYSE:UBS) Shares Bought by Pitcairn Co.

Pitcairn Co. increased its stake in UBS Group AG (NYSE:UBS) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,831 shares of the bank’s stock after purchasing an additional 6,544 shares during the quarter. Pitcairn Co.’s holdings in UBS Group were worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBS. Timber Creek Capital Management LLC boosted its holdings in shares of UBS Group by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock valued at $3,566,000 after acquiring an additional 311 shares in the last quarter. Allworth Financial LP increased its position in shares of UBS Group by 6.4% during the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after purchasing an additional 334 shares during the period. Independent Advisor Alliance raised its stake in shares of UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock worth $2,607,000 after buying an additional 339 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of UBS Group by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock valued at $341,000 after buying an additional 345 shares during the period. Finally, HighPoint Advisor Group LLC boosted its stake in UBS Group by 4.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank’s stock valued at $253,000 after buying an additional 349 shares in the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $28.22 on Friday. UBS Group AG has a fifty-two week low of $26.01 and a fifty-two week high of $35.84. The firm’s 50 day simple moving average is $33.28 and its 200-day simple moving average is $32.25. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market cap of $90.47 billion, a P/E ratio of 18.56 and a beta of 1.15.

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

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a dividend of $0.90 per share. 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 of this dividend is Wednesday, April 16th. UBS Group’s payout ratio is presently 14.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Bank of America lowered UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Finally, StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.