Allianz SE Invests $365,000 in UBS Group AG (NYSE:UBS)

Allianz SE purchased a new position in shares of UBS Group AG (NYSE:UBS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,932 shares of the bank’s stock, valued at approximately $365,000.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in UBS Group by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after purchasing an additional 1,114 shares during the last quarter. Ritholtz Wealth Management grew its position in UBS Group by 16.6% in the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after buying an additional 29,367 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of UBS Group during the fourth quarter valued at approximately $218,000. M.E. Allison & CO. Inc. bought a new stake in shares of UBS Group in the 4th quarter worth $354,000. Finally, Park Avenue Securities LLC raised its position in UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after acquiring an additional 6,638 shares in the last quarter.

UBS Group Price Performance

UBS opened at $31.56 on Monday. The company has a fifty day simple moving average of $33.66 and a 200 day simple moving average of $32.28. 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 stock has a market cap of $101.19 billion, a P/E ratio of 20.76 and a beta of 1.15. UBS Group AG has a 12 month low of $26.01 and a 12 month high of $35.84.

UBS Group (NYSE:UBS) last released its earnings results 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 firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter last year, the company posted ($0.09) EPS. UBS Group’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is currently 14.47%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBS. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of “Hold”.

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.