Wrapmanager Inc. Cuts Stock Holdings in UBS Group AG (NYSE:UBS)

Wrapmanager Inc. decreased its position in shares of UBS Group AG (NYSE:UBS) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,347 shares of the bank’s stock after selling 428 shares during the quarter. Wrapmanager Inc.’s holdings in UBS Group were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of UBS Group by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after buying an additional 1,114 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock worth $6,270,000 after purchasing an additional 29,367 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in UBS Group in the fourth quarter worth approximately $354,000. Park Avenue Securities LLC boosted its holdings in UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after purchasing an additional 33,089 shares during the last quarter.

Analyst Ratings Changes

UBS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

UBS Group Stock Up 1.4 %

UBS opened at $33.94 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 1-year low of $26.00 and a 1-year high of $35.84. The company has a market capitalization of $108.81 billion, a PE ratio of 22.33 and a beta of 1.16. The firm’s 50 day simple moving average is $32.87 and its two-hundred day simple moving average is $31.80.

UBS Group (NYSE:UBS) 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). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This represents a dividend yield of 2.1%. This is an increase from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 19.08%.

About UBS Group

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.