Connable Office Inc. Sells 548 Shares of UBS Group AG (NYSE:UBS)

Connable Office Inc. reduced its position in UBS Group AG (NYSE:UBS) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,804 shares of the bank’s stock after selling 548 shares during the quarter. Connable Office Inc.’s holdings in UBS Group were worth $873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Timber Creek Capital Management LLC grew its holdings in UBS Group by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock worth $3,566,000 after acquiring an additional 311 shares during the last quarter. Allworth Financial LP lifted its position in shares of UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock worth $168,000 after purchasing an additional 334 shares during the period. Commerce Bank lifted its position in shares of UBS Group by 3.9% in the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after purchasing an additional 346 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of UBS Group by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock worth $396,000 after purchasing an additional 394 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley downgraded shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, UBS Group currently has a consensus rating of “Hold”.

UBS Group Price Performance

NYSE UBS opened at $34.28 on Friday. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $35.84. The company has a market cap of $109.91 billion, a PE ratio of 22.55 and a beta of 1.16. 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’s 50-day simple moving average is $33.13 and its two-hundred day simple moving average is $31.87.

UBS Group (NYSE:UBS) last announced its quarterly earnings results 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 return on equity of 5.93% and a net margin of 6.93%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. During the same period in the previous year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. 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 announced 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 an increase from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is currently 19.08%.

About UBS Group

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.