UBS Group (NYSE:UBS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of UBS Group (NYSE:UBS – Get Rating) in a report issued on Thursday. The firm issued a buy rating on the bank’s stock.

UBS has been the subject of several other research reports. Credit Suisse Group cut shares of UBS Group from an outperform rating to a neutral rating in a research note on Friday, December 9th. TheStreet cut shares of UBS Group from a b- rating to a c rating in a research note on Monday, March 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, UBS Group presently has an average rating of Hold and a consensus price target of $19.46.

UBS Group Stock Down 5.5 %

UBS stock opened at $18.20 on Thursday. UBS Group has a one year low of $13.80 and a one year high of $22.30. The stock has a market capitalization of $63.34 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.76 and a beta of 1.11. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $21.18 and a 200-day moving average of $18.37.

UBS Group Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 14th. Shareholders of record on Thursday, April 13th will be issued a dividend of $0.179 per share. The ex-dividend date is Wednesday, April 12th. This represents a yield of 0.83%. UBS Group’s dividend payout ratio (DPR) is currently 7.14%.

Hedge Funds Weigh In On UBS Group

Several hedge funds have recently added to or reduced their stakes in UBS. Mirabella Financial Services LLP purchased a new position in UBS Group during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC increased its holdings in UBS Group by 151.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,106 shares of the bank’s stock valued at $31,000 after acquiring an additional 1,267 shares in the last quarter. Penserra Capital Management LLC purchased a new position in UBS Group during the 3rd quarter valued at about $35,000. Guardian Wealth Advisors LLC purchased a new position in UBS Group during the 3rd quarter valued at about $37,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of UBS Group during the fourth quarter worth about $41,000. 32.88% of the stock is currently owned by hedge funds and other institutional investors.

About UBS Group

(Get Rating)

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, and Group Functions. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.