Harvest Fund Management Co. Ltd Acquires 951 Shares of UBS Group AG (NYSE:UBS)

Harvest Fund Management Co. Ltd grew its holdings in shares of UBS Group AG (NYSE:UBS) by 50.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,819 shares of the bank’s stock after buying an additional 951 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in UBS Group were worth $87,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of UBS Group during the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of UBS Group by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after purchasing an additional 512 shares during the period. Naples Money Management LLC purchased a new stake in shares of UBS Group in the fourth quarter valued at approximately $51,000. WASHINGTON TRUST Co purchased a new stake in shares of UBS Group in the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of UBS Group by 24.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after purchasing an additional 402 shares during the period.

UBS Group Stock Up 0.5 %

NYSE UBS opened at $27.49 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09. The stock’s fifty day moving average price is $29.65 and its 200 day moving average price is $28.26. UBS Group AG has a 1 year low of $18.71 and a 1 year high of $32.13.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The firm had revenue of $10.86 billion during the quarter, compared to analyst estimates of $12.06 billion. During the same period in the previous year, the company earned $0.50 earnings per share. UBS Group’s revenue was up 35.2% on a year-over-year basis. As a group, analysts anticipate that UBS Group AG will post 1.12 EPS for the current fiscal year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be given a $0.228 dividend. This represents a dividend yield of 0.82%. This is an increase from UBS Group’s previous annual dividend of $0.18. The ex-dividend date is Wednesday, May 1st. UBS Group’s dividend payout ratio is presently 2.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UBS shares. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. StockNews.com upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.