Farther Finance Advisors LLC Increases Holdings in UBS Group AG $UBS

Farther Finance Advisors LLC lifted its position in UBS Group AG (NYSE:UBS) by 97.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,549 shares of the bank’s stock after buying an additional 15,557 shares during the period. Farther Finance Advisors LLC’s holdings in UBS Group were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of UBS Group during the 3rd quarter valued at about $29,000. Larson Financial Group LLC grew its position in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after buying an additional 445 shares during the period. Private Trust Co. NA increased its holdings in UBS Group by 75.2% during the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock valued at $35,000 after buying an additional 366 shares during the last quarter. JPL Wealth Management LLC bought a new position in UBS Group in the third quarter worth approximately $37,000. Finally, YANKCOM Partnership purchased a new position in shares of UBS Group during the 4th quarter worth $47,000.

UBS Group Price Performance

Shares of NYSE:UBS opened at $43.80 on Tuesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $136.81 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.82 and a beta of 1.16. The firm has a fifty day moving average price of $40.18 and a 200 day moving average price of $41.67. UBS Group AG has a fifty-two week low of $27.40 and a fifty-two week high of $49.36.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts expect that UBS Group AG will post 3.18 earnings per share for the current fiscal year.

UBS Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UBS Group in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, January 21st. Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday. Citigroup reissued a “neutral” rating on shares of UBS Group in a research note on Thursday, January 22nd. Finally, Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.