Mission Wealth Management LP Purchases 1,622 Shares of UBS Group AG (NYSE:UBS)

Mission Wealth Management LP raised its position in shares of UBS Group AG (NYSE:UBS) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,873 shares of the bank’s stock after purchasing an additional 1,622 shares during the quarter. Mission Wealth Management LP’s holdings in UBS Group were worth $390,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UBS. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 6.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after purchasing an additional 3,289,387 shares during the period. Fisher Asset Management LLC raised its holdings in shares of UBS Group by 422.4% during the 4th quarter. Fisher Asset Management LLC now owns 4,036,921 shares of the bank’s stock worth $122,399,000 after acquiring an additional 3,264,214 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of UBS Group by 20.2% in the 3rd 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 period. Public Employees Retirement System of Ohio purchased a new stake in shares of UBS Group in the 3rd quarter worth $69,440,000. Finally, Pzena Investment Management LLC lifted its holdings in shares of UBS Group by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after buying an additional 851,231 shares during the period.

UBS Group Trading Up 2.8 %

UBS Group stock opened at $34.26 on Thursday. The stock has a 50-day moving average of $33.34 and a two-hundred day moving average of $31.96. 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 one year low of $26.01 and a one year high of $35.84. The stock has a market cap of $109.84 billion, a PE ratio of 22.54 and a beta of 1.15.

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

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is 19.08%.

Analysts Set New Price Targets

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

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.