Sequoia Financial Advisors LLC Buys 771 Shares of UBS Group AG (NYSE:UBS)

Sequoia Financial Advisors LLC grew its stake in shares of UBS Group AG (NYSE:UBS) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 34,999 shares of the bank’s stock after acquiring an additional 771 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in UBS Group were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in UBS Group during the fourth quarter valued at $27,000. Versant Capital Management Inc bought a new position in shares of UBS Group during the 4th quarter worth $40,000. Kohmann Bosshard Financial Services LLC purchased a new stake in UBS Group in the 4th quarter worth about $41,000. Continuum Advisory LLC raised its stake in UBS Group by 41.6% in 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 during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in UBS Group by 42.2% during the fourth 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 last quarter.

Wall Street Analysts Forecast Growth

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

UBS Group Trading Up 3.4 %

UBS Group stock opened at $32.79 on Friday. The stock has a market cap of $105.12 billion, a P/E ratio of 21.57 and a beta of 1.15. UBS Group AG has a fifty-two week low of $26.01 and a fifty-two week high of $35.84. The firm’s fifty day moving average price is $33.59 and its 200-day moving average price is $32.04. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last issued its quarterly 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). The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. Equities research analysts forecast that UBS Group AG will post 1.9 earnings per share 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 paid a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is currently 19.08%.

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.