International Assets Investment Management LLC Boosts Holdings in UBS Group AG (NYSE:UBS)

International Assets Investment Management LLC lifted its holdings in UBS Group AG (NYSE:UBS) by 1,630.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,886 shares of the bank’s stock after purchasing an additional 162,894 shares during the period. International Assets Investment Management LLC’s holdings in UBS Group were worth $5,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBS. Ballentine Partners LLC raised its holdings in UBS Group by 18.6% in the 4th quarter. Ballentine Partners LLC now owns 26,292 shares of the bank’s stock valued at $812,000 after acquiring an additional 4,125 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of UBS Group in the fourth quarter valued at approximately $1,499,000. RPg Family Wealth Advisory LLC purchased a new position in UBS Group during the fourth quarter worth approximately $4,092,000. Stonegate Investment Group LLC boosted its stake in UBS Group by 8.9% during the fourth quarter. Stonegate Investment Group LLC now owns 12,216 shares of the bank’s stock worth $377,000 after buying an additional 1,000 shares during the last quarter. Finally, Solstein Capital LLC grew its holdings in UBS Group by 9.6% in the 4th quarter. Solstein Capital LLC now owns 28,017 shares of the bank’s stock valued at $868,000 after buying an additional 2,462 shares in the last quarter.

UBS Group Stock Down 1.1 %

Shares of NYSE:UBS opened at $28.42 on Tuesday. UBS Group AG has a 12-month low of $18.71 and a 12-month high of $32.13. The business has a 50-day moving average price of $29.62 and a 200 day moving average price of $28.11. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09.

UBS Group (NYSE:UBS) last announced its quarterly earnings results 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). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The company had revenue of $10.86 billion for the quarter, compared to analyst estimates of $12.06 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. UBS Group’s revenue was up 35.2% on a year-over-year basis. As a group, analysts expect that UBS Group AG will post 1.11 EPS for the current year.

UBS Group Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBS shares. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy”.

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.