QRG Capital Management Inc. Sells 116,032 Shares of UBS Group AG (NYSE:UBS)

QRG Capital Management Inc. lowered its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 29.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 277,485 shares of the bank's stock after selling 116,032 shares during the period. QRG Capital Management Inc.'s holdings in UBS Group were worth $8,413,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in UBS Group in the 4th quarter valued at approximately $396,000. Carlson Capital L.P. acquired a new position in shares of UBS Group in the fourth quarter valued at $476,000. Checchi Capital Advisers LLC raised its stake in shares of UBS Group by 4.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 23,496 shares of the bank's stock valued at $712,000 after purchasing an additional 917 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in UBS Group by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 36,239 shares of the bank's stock worth $1,099,000 after purchasing an additional 811 shares during the period. Finally, Callan Capital LLC increased its holdings in UBS Group by 4.3% in the 4th quarter. Callan Capital LLC now owns 22,244 shares of the bank's stock valued at $674,000 after buying an additional 914 shares during the period.

UBS Group Price Performance

UBS Group stock traded up $0.09 during trading hours on Monday, hitting $34.38. 3,192,277 shares of the stock were exchanged, compared to its average volume of 2,092,386. The stock has a market capitalization of $110.24 billion, a P/E ratio of 22.62 and a beta of 1.16. The business's 50-day moving average is $33.13 and its two-hundred day moving average is $31.89. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a 12 month low of $26.01 and a 12 month 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 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.08). The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. Equities research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This is an increase from UBS Group's previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. UBS Group's dividend payout ratio is 19.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBS shares. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Kepler Capital Markets raised UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Morgan Stanley lowered UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Finally, StockNews.com cut UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

UBS Group 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.