Natixis Advisors L.P. boosted its holdings in shares of UBS Group AG (NYSE:UBS – Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,444,729 shares of the bank’s stock after purchasing an additional 356,742 shares during the quarter. Natixis Advisors L.P.’s holdings in UBS Group were worth $137,342,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in UBS. Anchor Investment Management LLC purchased a new position in UBS Group in the fourth quarter worth $28,000. Cary Street Partners Investment Advisory LLC increased its position in shares of UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after acquiring an additional 512 shares during the period. First Horizon Advisors Inc. grew its position in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after purchasing an additional 736 shares during the period. Naples Money Management LLC acquired a new position in shares of UBS Group during the 4th quarter worth about $51,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of UBS Group by 118.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,013 shares in the last quarter.
UBS Group Stock Performance
Shares of NYSE:UBS traded up $0.49 on Thursday, reaching $26.68. The company’s stock had a trading volume of 2,777,613 shares, compared to its average volume of 2,876,959. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09. UBS Group AG has a 52-week low of $18.71 and a 52-week high of $32.13. The stock’s 50-day moving average is $29.59 and its two-hundred day moving average is $28.35.
UBS Group Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be issued a dividend of $0.228 per share. The ex-dividend date is Wednesday, May 1st. This represents a yield of 0.82%. This is an increase from UBS Group’s previous annual dividend of $0.18. UBS Group’s payout ratio is currently 2.00%.
Analyst Ratings Changes
A number of brokerages have issued reports on UBS. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. BNP Paribas downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. Finally, Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.
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