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

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

Several other large investors also recently bought and sold shares of UBS. Berbice Capital Management LLC acquired a new stake in shares of UBS Group during the fourth quarter worth $27,000. Versant Capital Management Inc purchased a new position in UBS Group in the 4th quarter worth $40,000. Continuum Advisory LLC lifted its position in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after acquiring an additional 450 shares during the period. Rosenberg Matthew Hamilton grew its stake in UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after purchasing an additional 355 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in UBS Group during the 4th quarter valued at about $123,000.

UBS Group Trading Down 0.7 %

Shares of NYSE:UBS opened at $33.55 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $35.84. The business has a 50 day moving average of $32.75 and a two-hundred day moving average of $31.64. The company has a market capitalization of $107.56 billion, a PE ratio of 22.07 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its 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). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.90 billion. During the same period last year, the firm earned ($0.09) earnings per share. UBS Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. This is a positive change 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 presently 15.13%.

Wall Street Analysts Forecast Growth

UBS has been the subject of several research analyst reports. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group currently has a consensus 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.