Cerity Partners LLC Cuts Stock Position in UBS Group AG (NYSE:UBS)

Cerity Partners LLC decreased its stake in shares of UBS Group AG (NYSE:UBS) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,822 shares of the bank’s stock after selling 37,158 shares during the quarter. Cerity Partners LLC’s holdings in UBS Group were worth $2,814,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UBS. Berbice Capital Management LLC purchased a new position in shares of UBS Group in the 4th quarter worth about $27,000. Rakuten Securities Inc. purchased a new position in UBS Group in the fourth quarter worth about $30,000. Headlands Technologies LLC bought a new position in shares of UBS Group in the fourth quarter worth approximately $33,000. Versant Capital Management Inc purchased a new stake in shares of UBS Group during the fourth quarter valued at approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of UBS Group during the fourth quarter valued at approximately $41,000.

Analysts Set New Price Targets

Several analysts have commented on UBS shares. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Bank of America cut shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

UBS Group Price Performance

NYSE UBS opened at $28.70 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of $92.02 billion, a P/E ratio of 18.88 and a beta of 1.16. The company has a 50-day moving average price of $31.95 and a 200-day moving average price of $32.09. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last released its quarterly 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 return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a $0.90 dividend. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. UBS Group’s dividend payout ratio is presently 14.47%.

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.