Wells Fargo & Company MN trimmed its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 816,562 shares of the bank's stock after selling 21,318 shares during the period. Wells Fargo & Company MN's holdings in UBS Group were worth $24,758,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC purchased a new position in UBS Group in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new position in UBS Group in the fourth quarter valued at $30,000. Headlands Technologies LLC purchased a new position in UBS Group in the fourth quarter valued at $33,000. Versant Capital Management Inc acquired a new position in UBS Group during the 4th quarter worth $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in UBS Group during the 4th quarter worth about $41,000.
Analyst Ratings Changes
A number of brokerages have recently commented on UBS. Kepler Capital Markets raised UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Morgan Stanley lowered shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".
Read Our Latest Research Report on UBS Group
UBS Group Stock Up 0.9 %
UBS stock traded up $0.25 during midday trading on Tuesday, reaching $28.91. 2,655,249 shares of the company were exchanged, compared to its average volume of 2,272,300. The stock's 50-day simple moving average is $31.86 and its 200 day simple moving average is $32.07. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $92.68 billion, a price-to-earnings ratio of 19.02 and a beta of 1.16.
UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly 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). The company had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. UBS Group's revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned ($0.09) earnings per share. On average, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.
UBS Group Increases Dividend
The company 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 dividend of $0.90 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. This is an increase from UBS Group's previous annual dividend of $0.23. UBS Group's dividend payout ratio (DPR) is currently 14.47%.
UBS Group Company Profile
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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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