Proficio Capital Partners LLC Purchases New Holdings in UBS Group AG (NYSE:UBS)

Proficio Capital Partners LLC acquired a new position in UBS Group AG (NYSE:UBS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,068 shares of the bank’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of UBS Group in the fourth quarter worth $27,000. Versant Capital Management Inc purchased a new stake in UBS Group in the 4th quarter worth about $40,000. Kohmann Bosshard Financial Services LLC acquired a new stake in UBS Group during the 4th quarter worth about $41,000. Continuum Advisory LLC grew its stake in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of UBS Group by 42.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank’s stock valued at $91,000 after purchasing an additional 887 shares during the period.

Analyst Upgrades and Downgrades

UBS has been the subject of several research reports. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group Stock Performance

UBS stock opened at $33.67 on Wednesday. The firm has a 50 day moving average of $33.73 and a two-hundred day moving average of $32.21. UBS Group AG has a 12 month low of $26.01 and a 12 month high of $35.84. The company has a market capitalization of $107.96 billion, a price-to-earnings ratio of 22.15 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76.

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

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. This represents a dividend yield of 2.1%. This is an increase from UBS Group’s previous annual dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 14.47%.

UBS Group 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.