UBS Group AG (NYSE:UBS) Announces Special Dividend of $0.55

UBS Group AG (NYSE:UBS) declared a special dividend on Wednesday, February 4th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of 0.55 per share by the bank on Thursday, April 23rd. The ex-dividend date is Wednesday, April 22nd.

UBS Group has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect UBS Group to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 7.3%.

UBS Group Trading Down 6.0%

UBS opened at $44.83 on Thursday. The stock has a market cap of $140.05 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 0.44 and a beta of 1.12. The stock’s 50 day moving average price is $45.33 and its 200-day moving average price is $41.42. UBS Group has a one year low of $25.75 and a one year high of $49.36. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The firm had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the company earned $0.23 EPS. UBS Group’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that UBS Group will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBS. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Finally, Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.