Oppenheimer & Co. Inc. Has $258,000 Stock Holdings in UBS Group AG (NYSE:UBS)

Oppenheimer & Co. Inc. trimmed its holdings in UBS Group AG (NYSE:UBS) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,517 shares of the bank’s stock after selling 1,262 shares during the period. Oppenheimer & Co. Inc.’s holdings in UBS Group were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Timber Creek Capital Management LLC lifted its position in shares of UBS Group by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock valued at $3,566,000 after buying an additional 311 shares during the last quarter. Allworth Financial LP lifted its position in shares of UBS Group by 6.4% in the fourth quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after buying an additional 334 shares during the last quarter. Commerce Bank lifted its position in shares of UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after buying an additional 346 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of UBS Group by 3.2% in the third quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock valued at $396,000 after buying an additional 394 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after buying an additional 450 shares during the last quarter.

UBS Group Price Performance

Shares of NYSE UBS opened at $34.15 on Friday. The business’s 50 day moving average is $33.45 and its 200-day moving average is $32.00. UBS Group AG has a 1-year low of $26.01 and a 1-year high of $35.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The firm has a market cap of $109.48 billion, a P/E ratio of 22.46 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter last year, the business earned ($0.09) EPS. UBS Group’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. This represents a 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 19.08%.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of recent analyst reports. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.