UBS Group AG (NYSE:UBS) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its position in UBS Group AG (NYSE:UBS) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,831 shares of the bank’s stock after acquiring an additional 6,544 shares during the quarter. Pitcairn Co.’s holdings in UBS Group were worth $1,814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of UBS. Wealth Enhancement Advisory Services LLC grew its holdings in UBS Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after purchasing an additional 1,114 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of UBS Group by 16.6% during the fourth 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 in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of UBS Group during the fourth quarter worth about $218,000. M.E. Allison & CO. Inc. acquired a new position in shares of UBS Group in the fourth quarter worth about $354,000. Finally, Park Avenue Securities LLC boosted its holdings in UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after purchasing an additional 6,638 shares during the last quarter.

UBS Group Trading Down 7.3 %

UBS Group stock opened at $28.22 on Friday. 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 AG has a 1 year low of $26.01 and a 1 year high of $35.84. The firm’s 50-day moving average is $33.28 and its 200-day moving average is $32.25. The company has a market cap of $90.47 billion, a P/E ratio of 18.56 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a $0.90 dividend. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio (DPR) is 14.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UBS shares. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Bank of America lowered shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Finally, Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company 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.