44 Wealth Management LLC Sells 764 Shares of UBS Group AG (NYSE:UBS)

44 Wealth Management LLC cut its stake in UBS Group AG (NYSE:UBS) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,450 shares of the bank’s stock after selling 764 shares during the quarter. 44 Wealth Management LLC’s holdings in UBS Group were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after acquiring an additional 1,114 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of UBS Group by 16.6% in the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after acquiring an additional 29,367 shares during the last quarter. M.E. Allison & CO. Inc. bought a new stake in shares of UBS Group in the 4th quarter valued at about $354,000. Park Avenue Securities LLC increased its stake in shares of UBS Group by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after acquiring an additional 6,638 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UBS Group by 17.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 33,089 shares during the last quarter.

UBS Group Trading Down 0.1 %

NYSE:UBS opened at $33.48 on Friday. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $35.84. 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 business has a 50 day moving average price of $32.79 and a two-hundred day moving average price of $31.70. The company has a market cap of $107.34 billion, a P/E ratio of 22.02 and a beta of 1.16.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.90 billion. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts expect that UBS Group AG will post 1.9 EPS 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 dividend of $0.90 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. This is an increase from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is 15.13%.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of recent analyst reports. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley cut 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About UBS Group

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.