Prime Capital Investment Advisors LLC Acquires Shares of 6,905 UBS Group AG (NYSE:UBS)

Prime Capital Investment Advisors LLC acquired a new stake in UBS Group AG (NYSE:UBS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,905 shares of the bank’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently modified their holdings of UBS. Norges Bank purchased a new position in shares of UBS Group in the fourth quarter valued at about $2,182,724,000. FMR LLC increased its position in shares of UBS Group by 37.8% in the third quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after acquiring an additional 14,104,407 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of UBS Group in the first quarter valued at about $81,603,000. Acadian Asset Management LLC increased its position in shares of UBS Group by 543.6% in the third quarter. Acadian Asset Management LLC now owns 4,484,300 shares of the bank’s stock valued at $111,197,000 after acquiring an additional 3,787,579 shares during the period. Finally, Royal London Asset Management Ltd. purchased a new position in shares of UBS Group in the first quarter valued at about $27,724,000.

Wall Street Analysts Forecast Growth

UBS has been the topic of a number of research reports. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. StockNews.com raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS opened at $28.73 on Monday. UBS Group AG has a 1-year low of $18.71 and a 1-year high of $32.13. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23. The firm’s 50-day moving average price is $29.64 and its 200-day moving average price is $28.08.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. UBS Group’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. As a group, equities analysts expect that UBS Group AG will post 1.11 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, May 2nd will be issued a $0.228 dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. This is a boost from UBS Group’s previous annual dividend of $0.18. UBS Group’s dividend payout ratio is 2.00%.

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.