Legacy Capital Group California Inc. Lowers Stake in UBS Group AG (NYSE:UBS)

Legacy Capital Group California Inc. lessened its stake in UBS Group AG (NYSE:UBS) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,164 shares of the bank’s stock after selling 373 shares during the period. Legacy Capital Group California Inc.’s holdings in UBS Group were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of UBS Group during the fourth quarter worth approximately $27,000. Versant Capital Management Inc bought a new position in UBS Group in the fourth quarter worth approximately $40,000. Continuum Advisory LLC grew its stake in 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 purchasing an additional 450 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in UBS Group during the 4th quarter valued at $123,000.

UBS Group Stock Performance

Shares of UBS Group stock opened at $33.55 on Friday. The company has a market capitalization of $107.56 billion, a PE ratio of 22.07 and a beta of 1.16. The company has a 50-day simple moving average of $32.75 and a two-hundred day simple moving average of $31.64. UBS Group AG has a one year low of $26.00 and a one year high of $35.84. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $10.90 billion. During the same period in the previous year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently declared 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. The ex-dividend date 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 is presently 15.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UBS shares. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Four research 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 currently 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.