QRG Capital Management Inc. Sells 116,032 Shares of UBS Group AG (NYSE:UBS)

QRG Capital Management Inc. reduced its stake in UBS Group AG (NYSE:UBS) by 29.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 277,485 shares of the bank’s stock after selling 116,032 shares during the quarter. QRG Capital Management Inc.’s holdings in UBS Group were worth $8,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new stake in shares of UBS Group in the fourth quarter worth $27,000. Versant Capital Management Inc bought a new position in UBS Group in the 4th quarter worth $40,000. Continuum Advisory LLC lifted its position in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after acquiring an additional 450 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in UBS Group by 15.6% during the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after acquiring an additional 355 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of UBS Group in the fourth quarter valued at about $123,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBS. Kepler Capital Markets raised 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. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

UBS Group Trading Down 1.1 %

UBS stock opened at $33.86 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The firm has a market cap of $108.55 billion, a P/E ratio of 22.27 and a beta of 1.16. UBS Group AG has a 1-year low of $26.00 and a 1-year high of $35.84. The business’s 50 day moving average is $33.04 and its 200-day moving average is $31.83.

UBS Group (NYSE:UBS) last released its quarterly earnings data 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 return on equity of 5.93% and a net margin of 6.93%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that UBS Group AG will post 1.9 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 Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is a positive change from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s payout ratio is 19.08%.

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.