Gardner Lewis Asset Management L P Has $11.28 Million Stake in UBS Group AG (NYSE:UBS)

Gardner Lewis Asset Management L P reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,946 shares of the bank’s stock after selling 5,766 shares during the period. UBS Group accounts for approximately 2.7% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 12th biggest holding. Gardner Lewis Asset Management L P’s holdings in UBS Group were worth $11,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Berbice Capital Management LLC purchased a new position in shares of UBS Group during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in shares of UBS Group in the fourth quarter worth $30,000. Versant Capital Management Inc bought a new position in UBS Group in the 4th quarter worth about $40,000. Kohmann Bosshard Financial Services LLC bought a new position in UBS Group in the 4th quarter worth about $41,000. Finally, Continuum Advisory LLC raised its holdings in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Bank of America cut shares of UBS Group from a “neutral” rating to an “underperform” rating in a research report on Thursday. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, UBS Group has an average rating of “Hold”.

UBS Group Stock Performance

UBS Group stock opened at $31.92 on Friday. UBS Group AG has a fifty-two week low of $26.01 and a fifty-two week high of $35.84. The stock’s 50 day simple moving average is $33.71 and its two-hundred day simple moving average is $32.21. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $102.33 billion, a price-to-earnings ratio of 21.00 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. UBS Group’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, analysts expect that UBS Group AG will post 1.9 earnings per share 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. Investors of record on Wednesday, April 16th will be given a dividend of $0.90 per share. This is a boost from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is 14.47%.

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.