Golden State Wealth Management LLC Invests $123,000 in UBS Group AG (NYSE:UBS)

Golden State Wealth Management LLC acquired a new stake in UBS Group AG (NYSE:UBS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,072 shares of the bank’s stock, valued at approximately $123,000.

Several other hedge funds have also added to or reduced their stakes in UBS. AQR Capital Management LLC lifted its holdings in UBS Group by 226.8% during the 2nd quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock worth $825,000 after buying an additional 19,382 shares during the period. Sanctuary Advisors LLC bought a new position in shares of UBS Group during the second quarter worth about $724,000. Wedmont Private Capital lifted its stake in shares of UBS Group by 10.6% in the third quarter. Wedmont Private Capital now owns 9,173 shares of the bank’s stock worth $287,000 after acquiring an additional 879 shares during the period. Valeo Financial Advisors LLC boosted its holdings in UBS Group by 2.8% in the third quarter. Valeo Financial Advisors LLC now owns 29,893 shares of the bank’s stock valued at $924,000 after acquiring an additional 810 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in UBS Group by 15.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 7,828 shares of the bank’s stock valued at $242,000 after purchasing an additional 1,031 shares during the period.

UBS Group Price Performance

UBS Group stock opened at $33.43 on Monday. The stock has a market capitalization of $107.17 billion, a price-to-earnings ratio of 21.99 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 debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock’s 50 day moving average price is $32.54 and its two-hundred day moving average price is $31.41.

UBS Group (NYSE:UBS) last issued its 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 the consensus estimate of $10.90 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that UBS Group AG will post 1.95 earnings per share for the current year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is currently 15.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.