Schechter Investment Advisors LLC Sells 10,091 Shares of UBS Group AG (NYSE:UBS)

Schechter Investment Advisors LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 22.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,372 shares of the bank’s stock after selling 10,091 shares during the period. Schechter Investment Advisors LLC’s holdings in UBS Group were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Connective Portfolio Management LLC boosted its position in UBS Group by 2.2% during the fourth quarter. Connective Portfolio Management LLC now owns 36,826 shares of the bank’s stock worth $1,138,000 after purchasing an additional 800 shares during the period. NatWest Group plc boosted its position in UBS Group by 43.1% during the fourth quarter. NatWest Group plc now owns 74,947 shares of the bank’s stock worth $2,316,000 after purchasing an additional 22,562 shares during the period. Whittier Trust Co. boosted its position in UBS Group by 25.0% during the fourth quarter. Whittier Trust Co. now owns 5,000 shares of the bank’s stock worth $154,000 after purchasing an additional 1,000 shares during the period. OneAscent Financial Services LLC bought a new position in UBS Group during the fourth quarter worth about $247,000. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of UBS Group by 11.8% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 55,608 shares of the bank’s stock worth $1,718,000 after buying an additional 5,877 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBS. Bank of America downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

UBS opened at $31.40 on Thursday. The stock has a 50-day moving average price of $29.39 and a 200-day moving average price of $27.64. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.10 and a quick ratio of 1.23. The firm has a market cap of $109.27 billion, a PE ratio of 3.50, a P/E/G ratio of 3.75 and a beta of 1.14. UBS Group AG has a 1 year low of $18.71 and a 1 year high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). UBS Group had a return on equity of 7.53% and a net margin of 43.70%. The business had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. During the same period last year, the firm posted $0.50 EPS. UBS Group’s quarterly revenue was up 35.2% compared to the same quarter last year. Sell-side analysts predict that UBS Group AG will post 1.06 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 Friday, May 3rd. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.228 per share. This is an increase from UBS Group’s previous annual dividend of $0.18. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 1st. UBS Group’s payout ratio is currently 2.45%.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.