Wrapmanager Inc. Sells 428 Shares of UBS Group AG (NYSE:UBS)

Wrapmanager Inc. reduced its stake in UBS Group AG (NYSE:UBS) by 5.5% during the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares during the last quarter. Wellington Management Group LLP increased its holdings in UBS Group by 20.2% in the 3rd quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after acquiring an additional 2,307,033 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in UBS Group in the 3rd quarter valued at $69,440,000. Pzena Investment Management LLC increased its holdings in UBS Group by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after acquiring an additional 851,231 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in UBS Group in the 3rd quarter valued at $23,884,000.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $33.94 on Wednesday. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $35.84. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a fifty day simple moving average of $32.87 and a two-hundred day simple moving average of $31.80. The stock has a market capitalization of $108.81 billion, a P/E ratio of 22.33 and a beta of 1.16.

UBS Group (NYSE:UBS) 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). 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 analysts’ expectations of $10.90 billion. During the same period in the prior year, the firm posted ($0.09) earnings per share. UBS Group’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s payout ratio is currently 19.08%.

Wall Street Analysts Forecast Growth

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