EverSource Wealth Advisors LLC Buys 8,773 Shares of UBS Group AG (NYSE:UBS)

EverSource Wealth Advisors LLC lifted its stake in UBS Group AG (NYSE:UBS) by 138.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,115 shares of the bank’s stock after buying an additional 8,773 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in UBS Group were worth $458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of UBS Group by 4.0% during the 3rd quarter. Assetmark Inc. now owns 45,964 shares of the bank’s stock valued at $1,421,000 after purchasing an additional 1,779 shares during the last quarter. MQS Management LLC purchased a new stake in shares of UBS Group in the third quarter worth about $267,000. Oppenheimer Asset Management Inc. boosted its stake in UBS Group by 5.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 19,054 shares of the bank’s stock valued at $589,000 after buying an additional 1,045 shares during the last quarter. Natixis Advisors LLC grew its holdings in UBS Group by 5.2% during the 3rd quarter. Natixis Advisors LLC now owns 5,207,913 shares of the bank’s stock valued at $160,977,000 after buying an additional 258,058 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in UBS Group by 44.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank’s stock worth $488,000 after acquiring an additional 4,889 shares during the last quarter.

UBS Group Trading Up 3.4 %

Shares of UBS opened at $32.79 on Friday. UBS Group AG has a twelve month low of $26.01 and a twelve month high of $35.84. 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’s fifty day simple moving average is $33.59 and its 200-day simple moving average is $32.03. The company has a market cap of $105.12 billion, a P/E ratio of 21.57 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced its quarterly earnings data 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). The firm had revenue of $11.06 billion during 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) EPS. As a group, analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. This is a boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s payout ratio is presently 19.08%.

Wall Street Analyst Weigh In

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

UBS Group 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.