Janney Montgomery Scott LLC Sells 9,352 Shares of UBS Group AG (NYSE:UBS)

Janney Montgomery Scott LLC cut its holdings in UBS Group AG (NYSE:UBS) by 28.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,241 shares of the bank’s stock after selling 9,352 shares during the period. Janney Montgomery Scott LLC’s holdings in UBS Group were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Ritholtz Wealth Management grew its position in shares of UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after purchasing an additional 29,367 shares in the last quarter. M.E. Allison & CO. Inc. bought a new stake in shares of UBS Group during the fourth quarter valued at about $354,000. Park Avenue Securities LLC lifted its holdings in shares of UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after buying an additional 6,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of UBS Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after acquiring an additional 1,114 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 33,089 shares in the last quarter.

UBS Group Stock Performance

NYSE:UBS opened at $33.43 on Friday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The business has a 50 day moving average price of $32.52 and a 200-day moving average price of $31.39. The firm has a market cap of $107.17 billion, a PE ratio of 27.85 and a beta of 1.16.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm 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 firm posted ($0.09) EPS. UBS Group’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that UBS Group AG will post 1.39 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is presently 19.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, UBS Group has an average rating of “Moderate Buy”.

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.