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

Janney Montgomery Scott LLC decreased its position in UBS Group AG (NYSE:UBS) by 28.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,241 shares of the bank’s stock after selling 9,352 shares during the quarter. Janney Montgomery Scott LLC’s holdings in UBS Group were worth $705,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in UBS Group during the 4th quarter valued at about $198,000. Atomi Financial Group Inc. boosted its position in shares of UBS Group by 22.6% in the 4th quarter. Atomi Financial Group Inc. now owns 36,260 shares of the bank’s stock worth $1,099,000 after purchasing an additional 6,673 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of UBS Group by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 259,679 shares of the bank’s stock worth $7,873,000 after buying an additional 4,007 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in UBS Group by 4.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 55,397 shares of the bank’s stock valued at $1,680,000 after buying an additional 2,177 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in UBS Group by 11.1% during the fourth quarter. Ballentine Partners LLC now owns 37,309 shares of the bank’s stock valued at $1,131,000 after buying an additional 3,742 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the subject of several analyst reports. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.1 %

UBS Group stock opened at $33.43 on Friday. UBS Group AG has a one year low of $26.00 and a one year high of $35.84. The business’s fifty day moving average is $32.52 and its 200 day moving average is $31.39. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization 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 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 for the quarter, compared to analysts’ expectations of $10.90 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. UBS Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. On average, sell-side analysts predict that UBS Group AG will post 1.39 EPS for the current year.

UBS Group Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s payout ratio is 19.17%.

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.