Dorsey Wright & Associates Sells 31,345 Shares of UBS Group AG (NYSE:UBS)

Dorsey Wright & Associates lowered its position in UBS Group AG (NYSE:UBS - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,330 shares of the bank's stock after selling 31,345 shares during the period. Dorsey Wright & Associates' holdings in UBS Group were worth $3,345,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of UBS Group in the fourth quarter worth about $27,000. Rakuten Securities Inc. acquired a new position in shares of UBS Group in the 4th quarter valued at approximately $30,000. Versant Capital Management Inc bought a new stake in UBS Group during the 4th quarter worth approximately $40,000. Kohmann Bosshard Financial Services LLC acquired a new stake in UBS Group during the 4th quarter worth approximately $41,000. Finally, Continuum Advisory LLC raised its holdings in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank's stock worth $49,000 after buying an additional 450 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBS. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. StockNews.com cut UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Bank of America lowered UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, UBS Group presently has a consensus rating of "Hold".

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UBS Group Stock Down 0.8 %

UBS stock traded down $0.26 during midday trading on Tuesday, hitting $30.37. The company's stock had a trading volume of 3,085,024 shares, compared to its average volume of 2,193,880. The company's fifty day moving average price is $33.59 and its 200 day moving average price is $32.29. UBS Group AG has a twelve month low of $26.01 and a twelve month high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $97.39 billion, a P/E ratio of 19.98 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. UBS Group's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. This represents a yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group's previous annual dividend of $0.23. UBS Group's dividend payout ratio is 14.47%.

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.