Dorsey Wright & Associates Cuts Stock Position in UBS Group AG (NYSE:UBS)

Dorsey Wright & Associates cut its stake in shares of UBS Group AG (NYSE:UBS) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,330 shares of the bank’s stock after selling 31,345 shares during the quarter. Dorsey Wright & Associates’ holdings in UBS Group were worth $3,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock worth $3,277,000 after acquiring an additional 1,114 shares during the period. Ritholtz Wealth Management boosted its holdings in UBS Group by 16.6% in the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after purchasing an additional 29,367 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in UBS Group during the 4th quarter worth approximately $218,000. M.E. Allison & CO. Inc. purchased a new position in shares of UBS Group during the 4th quarter worth approximately $354,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of UBS Group by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after buying an additional 6,638 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UBS shares. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

UBS Group Trading Down 1.1 %

NYSE:UBS opened at $31.56 on Friday. UBS Group AG has a 52-week low of $26.01 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 stock has a fifty day simple moving average of $33.66 and a 200-day simple moving average of $32.26. The company has a market capitalization of $101.19 billion, a PE ratio of 20.76 and a beta of 1.15.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (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 analyst estimates of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) EPS. On average, equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. 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 Company 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.