Empower Advisory Group LLC Has $208,000 Holdings in UBS Group AG (NYSE:UBS)

Empower Advisory Group LLC cut its holdings in shares of UBS Group AG (NYSE:UBS) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,853 shares of the bank’s stock after selling 300 shares during the quarter. Empower Advisory Group LLC’s holdings in UBS Group were worth $208,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UBS Group by 6.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after purchasing an additional 851,231 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of UBS Group by 1.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank’s stock worth $502,398,000 after purchasing an additional 301,394 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of UBS Group by 20.2% during the 3rd quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock worth $423,504,000 after purchasing an additional 2,307,033 shares in the last quarter. Finally, ARGA Investment Management LP raised its stake in shares of UBS Group by 6.5% during the 4th quarter. ARGA Investment Management LP now owns 7,338,038 shares of the bank’s stock worth $224,259,000 after purchasing an additional 445,876 shares in the last quarter.

Analysts Set New Price Targets

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

UBS Group Stock Down 0.7 %

Shares of UBS stock opened at $33.55 on Friday. The stock’s 50 day simple moving average is $32.75 and its 200 day simple moving average is $31.64. 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 twelve month low of $26.00 and a twelve month high of $35.84. The company has a market capitalization of $107.56 billion, a price-to-earnings ratio of 22.07 and a beta of 1.16.

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

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio (DPR) is presently 15.13%.

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.