Main Street Financial Solutions LLC Invests $722,000 in UBS Group AG (NYSE:UBS)

Main Street Financial Solutions LLC purchased a new position in UBS Group AG (NYSE:UBS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,820 shares of the bank's stock, valued at approximately $722,000.

A number of other hedge funds have also recently added to or reduced their stakes in UBS. Wealth Enhancement Advisory Services LLC boosted its position in shares of UBS Group by 1.1% in the fourth 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 during the last quarter. Ritholtz Wealth Management grew its stake in shares of UBS Group by 16.6% during 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 during the period. Kingsview Wealth Management LLC purchased a new position in shares of UBS Group in the 4th quarter worth $218,000. M.E. Allison & CO. Inc. acquired a new position in UBS Group in the fourth quarter valued at $354,000. Finally, Jones Financial Companies Lllp grew its position in UBS Group by 142.4% during the fourth quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank's stock valued at $668,000 after acquiring an additional 12,939 shares during the period.

UBS Group Stock Up 3.1 %

NYSE UBS traded up $0.87 during mid-day trading on Tuesday, reaching $28.48. 806,332 shares of the company's stock traded hands, compared to its average volume of 3,654,564. The company has a fifty day simple moving average of $31.42 and a 200-day simple moving average of $31.99. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a market cap of $91.31 billion, a price-to-earnings ratio of 18.71 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76.

UBS Group (NYSE:UBS - Get Free Report) last released its 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 company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. UBS Group's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, equities research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were issued 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 was Wednesday, April 16th. UBS Group's payout ratio is 14.47%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. StockNews.com downgraded shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Bank of America lowered UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Finally, BNP Paribas raised shares of UBS Group from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold".

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.