Lake Street Advisors Group LLC Has $1.10 Million Stock Holdings in UBS Group AG (NYSE:UBS)

Lake Street Advisors Group LLC raised its stake in UBS Group AG (NYSE:UBS) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,239 shares of the bank’s stock after purchasing an additional 811 shares during the period. Lake Street Advisors Group LLC’s holdings in UBS Group were worth $1,099,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UBS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares in the last quarter. Pzena Investment Management LLC grew its position in UBS Group by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after purchasing an additional 851,231 shares during the period. Vontobel Holding Ltd. increased its stake in UBS Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank’s stock valued at $502,398,000 after purchasing an additional 301,394 shares in the last quarter. Wellington Management Group LLP raised its holdings in UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after buying an additional 2,307,033 shares during the last quarter. Finally, ARGA Investment Management LP lifted its stake in shares of UBS Group by 6.5% in the fourth quarter. ARGA Investment Management LP now owns 7,338,038 shares of the bank’s stock valued at $224,259,000 after buying an additional 445,876 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on UBS. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded 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 note on Friday, January 10th. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

UBS Group Stock Performance

NYSE UBS opened at $34.22 on Thursday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $109.71 billion, a PE ratio of 22.51 and a beta of 1.16. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $35.84. The company has a 50-day simple moving average of $32.95 and a 200 day simple moving average of $31.81.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (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 company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.90 billion. During the same quarter in the previous year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. 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 currently 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.