15,924 Shares in UBS Group AG (NYSE:UBS) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,924 shares of the bank’s stock, valued at approximately $483,000.

Other large investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in shares of UBS Group during the fourth quarter worth $27,000. Rakuten Securities Inc. purchased a new position in shares of UBS Group during the 4th quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in shares of UBS Group in the 4th quarter valued at about $33,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group in the fourth quarter worth about $40,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in UBS Group during the fourth quarter worth about $41,000.

Analysts Set New Price Targets

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

UBS Group Stock Up 0.9 %

UBS stock opened at $28.91 on Wednesday. The stock has a market capitalization of $92.68 billion, a P/E ratio of 19.02 and a beta of 1.16. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84. The firm has a 50-day simple moving average of $31.86 and a 200-day simple moving average of $32.07. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 EPS 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%. UBS Group’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. Equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio (DPR) is presently 14.47%.

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.