Andra AP fonden lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,484 shares of the bank's stock after selling 118,545 shares during the period. Andra AP fonden's holdings in UBS Group were worth $1,317,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in UBS Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank's stock valued at $3,277,000 after purchasing an additional 1,114 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of UBS Group by 16.6% in the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank's stock worth $6,270,000 after buying an additional 29,367 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in shares of UBS Group in the 4th quarter worth approximately $354,000. Park Avenue Securities LLC grew its stake in shares of UBS Group by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock worth $1,128,000 after buying an additional 6,638 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of UBS Group in the 4th quarter worth approximately $218,000.
Wall Street Analyst Weigh In
Several analysts have commented on the company. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. StockNews.com downgraded UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".
Check Out Our Latest Research Report on UBS
UBS Group Price Performance
NYSE UBS opened at $34.15 on Monday. The business's fifty day moving average price is $33.45 and its 200-day moving average price is $32.01. The stock has a market capitalization of $109.48 billion, a price-to-earnings ratio of 22.46 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1-year low of $26.01 and a 1-year high of $35.84.
UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. UBS Group's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.
UBS Group Increases Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a $0.90 dividend. This is a boost from UBS Group's previous annual dividend of $0.23. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is currently 19.08%.
About UBS Group
(
Free Report)
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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