Kingsview Wealth Management LLC Purchases Shares of 7,182 UBS Group AG (NYSE:UBS)

Kingsview Wealth Management LLC acquired a new position in UBS Group AG (NYSE:UBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,182 shares of the bank’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in UBS Group by 16.6% during the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock worth $6,270,000 after buying an additional 29,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of UBS Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock worth $3,277,000 after acquiring an additional 1,114 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new position in shares of UBS Group in the 4th quarter worth $354,000. Park Avenue Securities LLC raised its position in shares of UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after purchasing an additional 33,089 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS opened at $33.59 on Friday. The company has a market capitalization of $107.72 billion, a price-to-earnings ratio of 22.10 and a beta of 1.16. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The business’s 50-day moving average is $32.62 and its 200-day moving average is $31.51.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the prior year, the company posted ($0.09) EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that UBS Group AG will post 1.95 EPS for the current fiscal year.

UBS Group Increases Dividend

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

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.