Sagespring Wealth Partners LLC Purchases New Stake in UBS Group AG (NYSE:UBS)

Sagespring Wealth Partners LLC purchased a new stake in UBS Group AG (NYSE:UBS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,924 shares of the bank's stock, valued at approximately $483,000.

Several other large investors have also recently bought and sold shares of UBS. Norges Bank bought a new position in UBS Group in the fourth quarter valued at about $5,594,066,000. FMR LLC raised its stake in shares of UBS Group by 29.4% during the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock worth $1,695,087,000 after buying an additional 12,609,616 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in UBS Group in the fourth quarter valued at approximately $233,591,000. Pictet Asset Management Holding SA boosted its stake in UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock valued at $1,070,335,000 after acquiring an additional 5,555,624 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in UBS Group by 609.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank's stock worth $133,890,000 after acquiring an additional 3,759,134 shares during the period.

UBS Group Stock Down 1.2 %

UBS stock traded down $0.35 during midday trading on Monday, hitting $27.60. The company's stock had a trading volume of 333,089 shares, compared to its average volume of 2,268,306. The company's fifty day moving average price is $31.53 and its 200 day moving average price is $32.02. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $88.48 billion, a P/E ratio of 18.16 and a beta of 1.16.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 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 net margin of 6.93% and a return on equity of 5.93%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted ($0.09) earnings per share. As a group, equities research analysts predict 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. Shareholders of record on Wednesday, April 16th were paid a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a yield of 2.1%. This is a boost from UBS Group's previous annual dividend of $0.23. UBS Group's dividend payout ratio (DPR) is currently 14.47%.

Analyst Ratings Changes

A number of brokerages recently commented on UBS. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. StockNews.com downgraded UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.