Jupiter Asset Management Ltd. Trims Stock Position in UBS Group AG (NYSE:UBS)

Jupiter Asset Management Ltd. cut its stake in shares of UBS Group AG (NYSE:UBS) by 5.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,850,689 shares of the bank’s stock after selling 116,785 shares during the period. Jupiter Asset Management Ltd.’s holdings in UBS Group were worth $56,629,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of UBS. Berbice Capital Management LLC bought a new stake in UBS Group during the 4th quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group during the 4th quarter valued at about $40,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UBS Group in the fourth quarter worth approximately $41,000. Continuum Advisory LLC boosted its holdings in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after buying an additional 450 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in UBS Group by 27.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock valued at $68,000 after purchasing an additional 482 shares in the last quarter.

UBS Group Trading Down 1.6 %

UBS Group stock opened at $31.38 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 12 month low of $26.01 and a 12 month high of $35.84. The stock’s 50 day simple moving average is $33.50 and its two-hundred day simple moving average is $32.02. The firm has a market cap of $100.60 billion, a PE ratio of 20.64 and a beta of 1.15.

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

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is 19.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBS shares. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, UBS Group presently 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.