UBS Group AG (NYSE:UBS) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in UBS Group AG (NYSE:UBS - Free Report) by 2,927.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,578,192 shares of the bank's stock after purchasing an additional 3,459,997 shares during the period. National Bank of Canada FI owned 0.11% of UBS Group worth $109,751,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UBS. Thrivent Financial for Lutherans raised its position in UBS Group by 44.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank's stock worth $488,000 after buying an additional 4,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank's stock worth $6,801,000 after acquiring an additional 33,089 shares during the period. Verition Fund Management LLC raised its holdings in UBS Group by 58.6% during the third quarter. Verition Fund Management LLC now owns 31,214 shares of the bank's stock worth $965,000 after purchasing an additional 11,531 shares in the last quarter. Hilltop Holdings Inc. lifted its position in UBS Group by 30.5% in the third quarter. Hilltop Holdings Inc. now owns 10,428 shares of the bank's stock valued at $321,000 after purchasing an additional 2,435 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in UBS Group by 1.8% in the 3rd quarter. Janus Henderson Group PLC now owns 2,066,849 shares of the bank's stock valued at $63,839,000 after purchasing an additional 37,446 shares in the last quarter.

Remove Ads

UBS Group Price Performance

NYSE:UBS traded down $2.24 during mid-day trading on Thursday, hitting $28.22. 4,068,875 shares of the company's stock traded hands, compared to its average volume of 2,206,096. UBS Group AG has a 1 year low of $26.01 and a 1 year high of $35.84. The company has a market cap of $90.47 billion, a PE ratio of 18.56 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The firm's 50 day simple moving average is $33.28 and its 200 day simple moving average is $32.25.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Sell-side 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. This is an increase from UBS Group's previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. UBS Group's payout ratio is presently 14.47%.

Analysts Set New Price Targets

Several analysts have recently commented on UBS shares. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised UBS Group from a "hold" rating to a "buy" rating in a report 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. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Finally, Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from 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.