Parallel Advisors LLC Raises Stock Holdings in UBS Group AG (NYSE:UBS)

Parallel Advisors LLC boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,129 shares of the bank’s stock after purchasing an additional 2,305 shares during the quarter. Parallel Advisors LLC’s holdings in UBS Group were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBS. Creative Financial Designs Inc. ADV raised its holdings in shares of UBS Group by 19.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,120 shares of the bank’s stock valued at $95,000 after acquiring an additional 500 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of UBS Group by 2.7% during the fourth quarter. Gallacher Capital Management LLC now owns 16,033 shares of the bank’s stock valued at $486,000 after acquiring an additional 416 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of UBS Group by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 73,290 shares of the bank’s stock valued at $2,222,000 after acquiring an additional 797 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of UBS Group by 3.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 53,410 shares of the bank’s stock valued at $1,619,000 after acquiring an additional 2,009 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of UBS Group by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 5,237,829 shares of the bank’s stock valued at $158,811,000 after acquiring an additional 29,916 shares during the last quarter.

Analyst Upgrades and Downgrades

UBS has been the subject of a number of research analyst reports. Morgan Stanley cut UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

UBS Group Price Performance

NYSE:UBS opened at $33.01 on Friday. UBS Group AG has a one year low of $26.01 and a one year high of $35.84. 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 stock has a market cap of $105.85 billion, a PE ratio of 21.72 and a beta of 1.15. The stock has a 50 day moving average price of $33.67 and a 200 day moving average price of $32.10.

UBS Group (NYSE:UBS) last issued its quarterly earnings data 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 business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations 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 was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Equities research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a $0.90 dividend. This represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group’s dividend payout ratio is presently 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.