Voya Investment Management LLC Increases Stake in UBS Group AG (NYSE:UBS)

Voya Investment Management LLC grew its position in UBS Group AG (NYSE:UBS) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 559,994 shares of the bank’s stock after buying an additional 9,936 shares during the period. Voya Investment Management LLC’s holdings in UBS Group were worth $17,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBS. Morse Asset Management Inc purchased a new position in UBS Group in the 3rd quarter worth approximately $243,000. Wilmington Savings Fund Society FSB purchased a new position in shares of UBS Group in the third quarter worth $365,000. Inspire Trust Co. N.A. lifted its holdings in shares of UBS Group by 36.6% during the third quarter. Inspire Trust Co. N.A. now owns 104,417 shares of the bank’s stock valued at $3,228,000 after purchasing an additional 28,000 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of UBS Group during the third quarter valued at $391,000. Finally, Logan Capital Management Inc. raised its position in UBS Group by 4.2% in the 3rd quarter. Logan Capital Management Inc. now owns 88,025 shares of the bank’s stock worth $2,721,000 after buying an additional 3,540 shares during the last quarter.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research analyst reports. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, Bank of America downgraded UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, UBS Group presently has a consensus rating of “Hold”.

UBS Group Trading Up 0.8 %

NYSE:UBS opened at $30.04 on Monday. UBS Group AG has a one year low of $25.75 and a one year high of $35.84. The business has a fifty day moving average price of $31.07 and a 200-day moving average price of $31.94. The firm has a market capitalization of $96.32 billion, a price-to-earnings ratio of 19.76 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 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%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned ($0.09) EPS. Sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were given a dividend of $0.90 per share. 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 of this dividend was Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 14.47%.

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.