Pzena Investment Management LLC Trims Stock Holdings in UBS Group AG (NYSE:UBS)

Pzena Investment Management LLC lowered its position in UBS Group AG (NYSE:UBS) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,590,323 shares of the bank’s stock after selling 1,212,143 shares during the quarter. UBS Group makes up approximately 2.8% of Pzena Investment Management LLC’s portfolio, making the stock its 13th biggest position. Pzena Investment Management LLC owned approximately 0.92% of UBS Group worth $820,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBS. Timber Creek Capital Management LLC grew its holdings in UBS Group by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after acquiring an additional 311 shares during the period. Allworth Financial LP grew its holdings in UBS Group by 6.4% during the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock worth $168,000 after acquiring an additional 334 shares during the period. Independent Advisor Alliance grew its holdings in UBS Group by 0.4% during the fourth quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock worth $2,607,000 after acquiring an additional 339 shares during the period. Lindbrook Capital LLC grew its holdings in UBS Group by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock worth $341,000 after acquiring an additional 345 shares during the period. Finally, Commerce Bank grew its holdings in UBS Group by 3.9% during the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after acquiring an additional 346 shares during the period.

UBS Group Stock Down 6.5 %

UBS Group stock opened at $31.92 on Tuesday. 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 firm has a market capitalization of $102.33 billion, a price-to-earnings ratio of 21.00 and a beta of 1.15. UBS Group AG has a fifty-two week low of $26.01 and a fifty-two week high of $35.84. The stock’s fifty day moving average is $33.48 and its two-hundred day moving average is $32.02.

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 the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. 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 earned ($0.09) earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a $0.90 dividend. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio is currently 19.08%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UBS. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

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.