J. Safra Sarasin Holding AG Has $52.28 Million Stake in UBS Group AG $UBS

J. Safra Sarasin Holding AG reduced its stake in shares of UBS Group AG (NYSE:UBS) by 34.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,120,619 shares of the bank’s stock after selling 593,915 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in UBS Group were worth $52,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBS. Parallel Advisors LLC grew its position in shares of UBS Group by 1.9% in the 3rd quarter. Parallel Advisors LLC now owns 14,905 shares of the bank’s stock valued at $611,000 after buying an additional 271 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of UBS Group by 1.2% in the third quarter. Checchi Capital Advisers LLC now owns 24,868 shares of the bank’s stock valued at $1,020,000 after buying an additional 287 shares during the period. Allworth Financial LP raised its position in shares of UBS Group by 4.2% during the third quarter. Allworth Financial LP now owns 7,115 shares of the bank’s stock worth $292,000 after acquiring an additional 288 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of UBS Group by 3.1% in the third quarter. Arkadios Wealth Advisors now owns 9,877 shares of the bank’s stock worth $405,000 after acquiring an additional 301 shares during the period. Finally, Clarius Group LLC lifted its stake in shares of UBS Group by 2.0% in the fourth quarter. Clarius Group LLC now owns 15,199 shares of the bank’s stock worth $704,000 after acquiring an additional 303 shares during the period.

UBS Group Stock Up 0.7%

Shares of UBS Group stock opened at $36.67 on Tuesday. The stock’s 50-day moving average is $41.82 and its 200 day moving average is $41.66. UBS Group AG has a one year low of $25.75 and a one year high of $49.36. The firm has a market cap of $114.54 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.69 and a beta of 1.14. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.19 and a quick ratio of 1.19.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd.

Analysts Set New Price Targets

UBS has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a report on Friday, February 6th. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

About UBS Group

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.