FDx Advisors Inc. Reduces Position in UBS Group AG (NYSE:UBS)

FDx Advisors Inc. lessened its stake in shares of UBS Group AG (NYSE:UBS) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,821 shares of the bank’s stock after selling 799 shares during the period. FDx Advisors Inc.’s holdings in UBS Group were worth $419,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Ieq Capital LLC grew its position in UBS Group by 6.9% during the 4th quarter. Ieq Capital LLC now owns 18,528 shares of the bank’s stock worth $562,000 after purchasing an additional 1,192 shares during the last quarter. Timber Creek Capital Management LLC grew its position in UBS Group by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after purchasing an additional 311 shares during the last quarter. Allworth Financial LP grew its position in UBS Group by 6.4% during the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock worth $168,000 after purchasing an additional 334 shares during the last quarter. Banque Pictet & Cie SA grew its position in UBS Group by 0.5% during the 4th quarter. Banque Pictet & Cie SA now owns 677,769 shares of the bank’s stock worth $20,739,000 after purchasing an additional 3,390 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in UBS Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank’s stock valued at $502,398,000 after acquiring an additional 301,394 shares during the period.

UBS Group Stock Performance

UBS opened at $33.55 on Friday. 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 firm has a fifty day moving average price of $32.75 and a 200 day moving average price of $31.64. UBS Group AG has a 1 year low of $26.00 and a 1 year high of $35.84. The stock has a market cap of $107.56 billion, a P/E ratio of 22.07 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The company also recently announced 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 is a boost from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. UBS Group’s payout ratio is currently 15.13%.

Wall Street Analyst Weigh In

UBS has been the subject of several research reports. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note 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. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Finally, Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.