Gardner Lewis Asset Management L P Cuts Stake in UBS Group AG (NYSE:UBS)

Gardner Lewis Asset Management L P lessened its stake in UBS Group AG (NYSE:UBS) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 371,946 shares of the bank’s stock after selling 5,766 shares during the quarter. UBS Group makes up 2.7% of Gardner Lewis Asset Management L P’s holdings, making the stock its 12th largest holding. Gardner Lewis Asset Management L P’s holdings in UBS Group were worth $11,277,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UBS. Norges Bank purchased a new stake in UBS Group during the 4th quarter valued at $5,594,066,000. Vanguard Group Inc. increased its holdings in UBS Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank’s stock worth $3,915,512,000 after buying an additional 1,296,428 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after buying an additional 3,289,387 shares during the last quarter. Pictet Asset Management Holding SA raised its position in UBS Group by 18.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock worth $1,070,335,000 after buying an additional 5,555,624 shares during the last quarter. Finally, Amundi boosted its holdings in shares of UBS Group by 0.6% during the 4th quarter. Amundi now owns 16,751,961 shares of the bank’s stock valued at $543,936,000 after acquiring an additional 95,712 shares during the last quarter.

UBS Group Trading Down 3.9 %

NYSE:UBS opened at $31.92 on Friday. UBS Group AG has a one year low of $26.01 and a one year high of $35.84. The business has a fifty day moving average price of $33.71 and a 200-day moving average price of $32.21. The firm has a market capitalization of $102.33 billion, a price-to-earnings ratio of 21.00 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.

UBS Group (NYSE:UBS) last issued its quarterly 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). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. 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 previous year, the company earned ($0.09) EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side 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. Investors of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 2.1%. UBS Group’s payout ratio is 14.47%.

Wall Street Analysts Forecast Growth

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

UBS Group 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.