Golden State Wealth Management LLC Makes New $123,000 Investment in UBS Group AG (NYSE:UBS)

Golden State Wealth Management LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,072 shares of the bank’s stock, valued at approximately $123,000.

Other hedge funds have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new position in UBS Group in the 4th quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group in the fourth quarter worth approximately $40,000. Continuum Advisory LLC lifted its holdings in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of UBS Group during the third quarter valued at approximately $71,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after buying an additional 355 shares during the last quarter.

UBS Group Stock Performance

Shares of UBS Group stock opened at $33.43 on Monday. The firm has a market capitalization of $107.17 billion, a P/E ratio of 21.99 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The business’s fifty day simple moving average is $32.54 and its 200 day simple moving average is $31.41. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $35.84.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The business had revenue of $11.06 billion for 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 company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. As a group, analysts anticipate that UBS Group AG will post 1.95 EPS for the current year.

UBS Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a $0.90 dividend. This represents a yield of 2.1%. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group’s payout ratio is presently 15.13%.

Wall Street Analysts Forecast Growth

UBS has been the topic of several recent analyst reports. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.