Checchi Capital Advisers LLC Acquires 917 Shares of UBS Group AG (NYSE:UBS)

Checchi Capital Advisers LLC grew its holdings in UBS Group AG (NYSE:UBSFree Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,496 shares of the bank’s stock after purchasing an additional 917 shares during the period. Checchi Capital Advisers LLC’s holdings in UBS Group were worth $712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UBS Group by 6.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after acquiring an additional 3,289,387 shares during the period. Pzena Investment Management LLC increased its holdings in UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after acquiring an additional 851,231 shares during the period. Vontobel Holding Ltd. increased its holdings in UBS Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank’s stock worth $502,398,000 after acquiring an additional 301,394 shares during the period. Wellington Management Group LLP grew its stake in UBS Group by 20.2% in the 3rd quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after buying an additional 2,307,033 shares in the last quarter. Finally, ARGA Investment Management LP grew its stake in UBS Group by 6.5% in the 4th quarter. ARGA Investment Management LP now owns 7,338,038 shares of the bank’s stock worth $224,259,000 after buying an additional 445,876 shares in the last quarter.

UBS Group Trading Up 0.8 %

Shares of UBS opened at $34.22 on Thursday. The stock has a market capitalization of $109.71 billion, a P/E ratio of 22.51 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a fifty day simple moving average of $32.95 and a two-hundred day simple moving average of $31.81. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $35.84.

UBS Group (NYSE:UBSGet Free Report) last announced its quarterly earnings results 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). The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. On average, research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s dividend payout ratio is 19.08%.

Analysts Set New Price Targets

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

View Our Latest Stock Report on UBS Group

UBS Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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