Prudential PLC Sells 8,831 Shares of UBS Group AG (NYSE:UBS)

Prudential PLC reduced its stake in shares of UBS Group AG (NYSE:UBS) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 284,762 shares of the bank’s stock after selling 8,831 shares during the period. Prudential PLC’s holdings in UBS Group were worth $8,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Timber Creek Capital Management LLC boosted its holdings in shares of UBS Group by 0.3% in 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 period. Allworth Financial LP lifted its position in UBS Group by 6.4% in the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock worth $168,000 after buying an additional 334 shares during the last quarter. Independent Advisor Alliance boosted its stake in UBS Group by 0.4% during the fourth quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock worth $2,607,000 after buying an additional 339 shares during the period. Lindbrook Capital LLC raised its stake in shares of UBS Group by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock valued at $341,000 after acquiring an additional 345 shares during the period. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of UBS Group by 4.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank’s stock worth $253,000 after acquiring an additional 349 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

UBS Group Trading Down 5.4 %

UBS opened at $26.71 on Friday. 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’s fifty day moving average is $33.10 and its two-hundred day moving average is $32.23. The company has a market capitalization of $85.64 billion, a P/E ratio of 17.57 and a beta of 1.16. UBS Group AG has a 52 week low of $26.01 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last released its quarterly earnings data 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 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 the consensus estimate of $10.90 billion. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders 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 an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is currently 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.