Hexagon Capital Partners LLC Acquires 1,113 Shares of UBS Group AG (NYSE:UBS)

Hexagon Capital Partners LLC increased its holdings in UBS Group AG (NYSE:UBS) by 42.3% during the fourth quarter, HoldingsChannel reports. The fund owned 3,746 shares of the bank’s stock after acquiring an additional 1,113 shares during the quarter. Hexagon Capital Partners LLC’s holdings in UBS Group were worth $116,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UBS. FMR LLC raised its stake in shares of UBS Group by 37.8% in the third quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock worth $1,271,454,000 after purchasing an additional 14,104,407 shares during the last quarter. WCM Investment Management LLC raised its position in UBS Group by 6,797.0% in the 4th quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock valued at $143,567,000 after buying an additional 4,568,457 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in UBS Group by 9.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after acquiring an additional 3,840,395 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of UBS Group by 543.6% in the 3rd quarter. Acadian Asset Management LLC now owns 4,484,300 shares of the bank’s stock worth $111,197,000 after acquiring an additional 3,787,579 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of UBS Group by 59.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,188,920 shares of the bank’s stock valued at $79,096,000 after purchasing an additional 1,185,408 shares during the last quarter.

UBS Group Stock Down 2.5 %

UBS stock opened at $26.19 on Thursday. The firm has a 50 day moving average of $29.59 and a 200-day moving average of $28.35. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10. UBS Group AG has a 12 month low of $18.71 and a 12 month high of $32.13.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same period in the prior year, the business posted $0.50 EPS. UBS Group’s quarterly revenue was up 35.2% on a year-over-year basis. Equities analysts expect that UBS Group AG will post 0.78 EPS for the current fiscal year.

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 given a $0.228 dividend. This represents a dividend yield of 0.82%. This is a boost from UBS Group’s previous annual dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 1st. UBS Group’s dividend payout ratio is 2.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on UBS shares. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Finally, Citigroup cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, UBS Group has an average rating of “Hold”.

About UBS Group

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.